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Smartsheet Analysis: $125M Raised

What is Smartsheet?

Smartsheet is a platform that enables organizations to manage projects, automate workflows, and build scalable solutions using AI-driven features for enhanced productivity.

HQ Country
Bellevue, United States
Employees
2851
Founded
2005
Industry
B2b Saas
Parent Company
Blackstone Inc. and Vista Equity Partners
Recent Funding Round
M&A

Product Features & Capabilities

  • AI-driven project management tools for real-time collaboration
  • Workflow automation features to reduce manual tasks
  • Resource management capabilities for optimal team allocation
  • Portfolio management solutions for strategic oversight
  • Integrations with popular applications to enhance functionality.

How much Smartsheet raised

Early Stage - $4 million

2006

Early Stage - $8.2 million

2012

Early Stage - $26 million

December 2012

Early Stage - $35 million

May 2014

Series F - $52.1 million

May 24, 2017
Lead Investor: Insight Partners and others

Other Considerations

Recognized as a Leader in the 2024 Gartner Magic Quadrant; Serves a diverse range of industries including government and healthcare; Offers professional services for implementation and training.

Recent Venture Round Amount

The most recent venture funding round for the company is on September 24, 2024, but the amount raised is obfuscated. Therefore, I cannot provide a specific amount.

Sales Tech Stack

Smartsheet utilizes a variety of sales technology tools, including Salesforce for customer relationship management, HubSpot for marketing and sales processes, and 6sense for marketing and sales intelligence. Additionally, they employ Workiva for enterprise governance, risk, and compliance, and integrate with tools like Jira and ServiceNow to enhance their sales operations.

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Financial Overview

$125MTotal Raised
Early Stage$4 million
2006
Early Stage$8.2 million
2012
Early Stage$26 million
December 2012
Early Stage$35 million
May 2014
Series F$52.1 million
May 24, 2017
Investors: Insight Partners and others
Post-IPO Debt
September 24, 2024
Investors: 20 investors including Benefit Street Partners, Teachers’ Venture Growth, Elliott Investment Management, and others.
Private Equity Round
September 24, 2024
Investors: Blackstone Group.
Post-IPO Equity
September 29, 2020
Investors: None listed.
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