Asana raises $75M Collection D led by Al Gore’s Era Funding Administration

Fundings and Exits



Asana, the productiveness and collaboration service, is getting a significant infusion of money after Era Funding Administration, a London-based agency backed by former U.S. Vice President Al Gore, led a $75 million funding.

Funding Administration was joined on this Collection D spherical by present backers 8VC, Founders Fund, Y Combinator President Sam Altman who additionally participated within the spherical. Asana co-founder and CEO Dustin Moskovitz, who co-founded Fb, was additionally in.

The deal will see Colin le Duc, a co-founder and associate at Era, be part of the six-year-old startup’s board.

Asana mentioned in a weblog publish that 45 % of its 30,000 paying buyer base is situated outdoors of the U.S.. A few of its high-profile names embody Tesco, Sky, Danone, Chanel and Spotify. In that gentle, it’s planning to introduce Spanish, Portuguese and Japanese variations of its service having just lately rolled out help for French and German.

This new spherical included, Asana has now raised $168 million from traders. Enterprise Insider reported that the startup is now valued at $900 million. If right, that may signify fairly a bounce on the $600 million valuation that it commanded when it closed its $50 million Collection C in 2016.



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