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TECH: SaaS Startup Sees Explosive Growth
San Diego-based ClickUp has raised $400 million in Series C funding - the single-largest funding round to date in the "workplace productivity" niche of the soft-ware-as-a-service (SaaS) market.
The round gives ClickUp a $4 billion valuation - and an increasingly higher profile among San Diego's tech unicorns.
The Series C funding was co-led by Andreessen Horowitz and Tiger Global, with participation from Lightspeed Venture Partners and Meritech Capital Partners.
The Series C follows a $35 million Series A in June 2020 and a $135 million Series B in December 2020.
ClickUp's cloud-based project management platform offers all-in-one workplace collaboration software that gives users a competitive advantage - and saves them time.
"We believe software should make people more productive and efficient," said Zeb Evans, CEO and founder of ClickUp.
Moved to SD in 2019
Launched in 2017 in the Silicon Valley, Evans relocated ClickUp's headquarters to San Diego in 2019.
In the last 18 months, he's steered the startup from a Series A with 50 employees to a $4 billion dollar juggernaut...