ClickUp, which provides set of tools that lets its users tackle project management, document collaboration, spreadsheets, chat, and goals from a single platform a little like Workday but for productivity — has raised $400 million, a Series C funding that the company confirmed values it at $4 billion post-money. ClickUp said that this is, to date, the single-largest Series C in the workplace productivity. Andreessen Horowitz and Tiger Global are co-leading the round, with Lightspeed Venture Partners and Meritech Capital Partners also participating. Craft Ventures and Georgian Partners are among its earlier backers; the company has now raised $535 million.
ClickUp — based out of San Diego — plans to use the funding to double down on growth in Europe, with 600 new jobs and a new HQ set for Ireland that will handle R&D, operations, and sales. The company counts the likes of Google (yes, the company behind its own productivity tools), McDonalds, Booking.com, and Netflix among its large enterprise customers. In all, ClickUp is being used by 800,000 teams — up from just 200,000 a year ago. A significant proportion of ClickUp’s customers, some 40%, are already based outside of the U.S, with a large part of those users in Europe some 275,000 teams in all, the company said — hence its interest in focusing more deeply on the region. It will also include localized versions of its platform for France, Germany, and Spain. The shift to cloud services and a rising appetite from knowledge workers to use tools in the office that work just as intuitively as their “fun” consumer mobile apps has led to a veritable revolution in the world of enterprise software.