ClickUp announces $400m Series C funding round and major European expansion
ClickUp, the all-in-one productivity platform, today announced that the company has raised $400m in Series C funding to reshape how teams work and give businesses a competitive advantage. This new round brings ClickUp’s total funding to $535m and puts the company at a $4bn USD post-money valuation.
The new investment will support the creation of 600 European jobs, a regional European headquarters and a new development centre. With forty percent of the company’s sales already generated outside of the US, this new investment will provide a more localised experience for the more than 275,000 European teams already using ClickUp.
ClickUp will also be investing in localised versions of its platform for France, Germany and Spain to support the continued growth in these countries, with further localisations planned.
“Today’s announcement signals the start of our ambitious expansion plans,” says Mark Stoddard, Head of International Operations at ClickUp. “We are already seeing incredible growth across the region, especially in the UK which is our fastest-growing market outside of the US. By investing in Europe, we will enhance the experience of our existing customers and attract even more local companies to the productivity gains ClickUp delivers.”
The Series C funding, co-led by Andreessen Horowitz and Tiger Global, with participation from Lightspeed Venture Partners and Meritech Capital Partners, represents the largest Series C funding round to date in the workplace productivity market.
“ClickUp’s sole purpose has always been to make the world more productive. Time is our most valuable resource and we are committed to giving people more time to focus on what matters most to them,” says Zeb Evans, CEO and Founder of ClickUp. “We believe software should make people more productive and efficient. I’m thrilled about our next chapter and accelerating the innovations that deliver on this promise to our customers.”