Funding round
ClickUp Series B
ClickUp, which works in productivity platform solutions in San Diego, raised $100M in a Series B round announced on 15 Dec 2020, led by Georgian, at a $1.00B post-money valuation. 2 firms took part. It is ClickUp's second venture round on record; the one before was a Series A in Jun 2020.
$100M
Amount raised
$1.00B
Post-money valuation
2
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ClickUp at $1.00B after the new money. The $100M bought investors about 10% of the company. It came 6 months after ClickUp's Series A. It is 19% of the $535M ClickUp has raised in the venture rounds on record. ClickUp raised again 10 months later: a Series C round of $400M in Oct 2021, at $4.00B post-money.
Investors
Who put money in
Georgian led the round with 1 other firm.
Lead investor
- backs 54 venture-backed companies new investor
Also in the round
- Craft Ventures backs 197 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
798 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Dec 2020 | $75M | not disclosed | New Enterprise Associates and Koch Disruptive Technologies |
| HiBob Tech Companies | 10 Dec 2020 | $70M | $500M | SEEK and Israel Growth Partners |
| Orca Security Tech Companies | 8 Dec 2020 | $55M | not disclosed | ICONIQ Growth |
| Tech Companies | 10 Dec 2020 | $44M | not disclosed | EQT Ventures |
| Tech Companies | 31 Dec 2020 | $43M | not disclosed | not named |
| Tech Companies | 16 Dec 2020 | $40M | not disclosed | Stripes and Moore Strategic Ventures |
| Tech Companies | 16 Dec 2020 | $40M | $255M | OpenView |
| Tech Companies | 7 Dec 2020 | $35M | not disclosed | Andreessen Horowitz and Sequoia Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did ClickUp raise in its Series B round?
ClickUp raised $100M in its Series B round, announced in Dec 2020.
Who led ClickUp's Series B round?
Georgian led it, with Craft Ventures.
What was ClickUp's valuation at the Series B round?
$1.00B post-money.
How does it compare with other Series B rounds in Tech Companies?
798 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.3 times the median.
Did ClickUp raise again after this round?
Yes: a Series C round in Oct 2021 of $400M at $4.00B post-money.