Smartsheet Analysis: $125M Raised
What is Smartsheet?
Smartsheet is an AI-powered work management platform that transforms how organizations manage projects and workflows. Its unique approach combines automation and collaboration tools to enhance productivity and streamline processes. This enables teams to work more efficiently and achieve better outcomes across various projects and industries.
Location
10500 NE 8th Street, Suite 1750, Bellevue, Washington 98004, United States
Employees
1001-5000
Founded
2005
Parent Company
Blackstone Inc. and Vista Equity Partners
Address
500 108th Ave NE Ste 200, Bellevue, WA 98004
Latest Funding Round Size
Post-IPO Debt
Public Company Status
Private
Recent Funding Round
M&A
State of Headquarters
Washington
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.
Use Cases
Manage complex projects with real-time collaboration tools; Automate repetitive tasks to improve efficiency; Track project portfolios for better decision-making; Streamline marketing campaigns for faster execution; Enhance resource allocation for improved productivity.
How much Smartsheet raised
Early Stage - $4 million
2006Early Stage - $8.2 million
2012Early Stage - $26 million
December 2012Early Stage - $35 million
May 2014Series F - $52.1 million
May 24, 2017Lead Investor: Insight Partners and others
HQ Full Address
10500 NE 8th Street, Suite 1750, Bellevue, Washington 98004, United States
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.
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.
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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.