Workplace Collaboration Tool Asana Raises $28M At A $280M Valuation


Enterprise workflow tool Asana has raised a $28 million Series B round, it announced earlier today, bringing its total funding to $38 million. The round was led by storied investor Peter Thiel and Founders Fund, who invested in the collaboration software alongside existing backers like Benchmark, Andreessen Horowitz, and Mitch Kapor.

We’re hearing that the valuation of the Series B was at a formidable $280 million post money ($252 million pre). We’re also hearing that the pretty solid B round was a substantial initial investment for leader Founders Fund.

While he would not confirm the valuation, Asana co-founder and former Facebooker Justin Rosenstein did tell me that the company would be using the financing to bulk up on staff. “We’ve known from the start that hiring the world’s best designers, engineers, and other contributors is critical to achieving the Asana vision,” Rosenstein said, “And this capital enables us…

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