Simply six month after elevating its first bit of outdoor investment, ClickUp has closed $100 million in new investment and reached a $1 billion valuation, a record in Bloomberg first reported.
The corporate has observed quite a lot of enlargement up to now a number of months to justify that new unicorn standing, together with doubling the volume of customers to two million. In a press liberate the corporate additionally detailed it had grown earnings 9 occasions over because the starting of the yr.
This newest $100 million spherical used to be led via Canadian company Georgian with participation from Craft Ventures, which led the startup’s $35 million Sequence A again in June. The prime valuation showcases simply how keen buyers are to search out winners within the productiveness tool area, which has observed large buyer features as an trade this yr, in part on account of transferring company attitudes towards operating from house.
ClickUp is aiming to additional capitalize because it scales its group and product. The corporate of 200 has doubled in measurement since its final carry and is hoping to double once more within the subsequent a number of months, CEO Zeb Evans tells iThawt News.
ClickUp sells productiveness tool, however their primary promote has been tying a number of merchandise in that area right into a unmarried platform, aiming to cut back the collection of equipment their consumers use. The group has just lately begun integrating equipment like electronic mail into their platform in order that customers can whole workflows throughout the product.
“It’s now not similar to a worth play of the use of one app as an alternative of 3 or 4, it’s an potency play via saving such a lot time and frustration from having all of the different other answers,” Evans tells iThawt News.
At the same time as the corporate continues scaling the product via weekly updates to the corporate’s apps, together with a newly made over iOS app which introduced these days (Android launches the following day), the group is taking a look towards how they may be able to construct for the long-term.
As to how lengthy this money will final, Evans isn’t making any guarantees. “I feel this will likely stay us going for some time, although to be truthful with you I might’ve stated the similar factor with the Sequence A,” Evans says.