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Software firm ClickUp valued at $4 billion in new funding round

By Reuters

<div> <p> – Task management software company ClickUp said on Wednesday it was valued at $4 billion after a $400 million funding round that was co-led by venture capital firm Andreessen Horowitz and technology investment firm Tiger Global Management.</p> <p>The Series C round, which brings the total amount raised by the San Diego-based company to over $535 million, also drew investments from Lightspeed Venture Partners and Meritech Capital Partners. </p> <p>ClickUp, founded in 2017, offers an all-in-one productivity platform to its customers which includes features such as project management, document collaboration, and spreadsheets among others. </p> <p>The company said it intends to use the latest funds to hire more employees and enter new markets.</p> <p>ClickUp, which counts fast food chain McDonald’s Corp, pizza chain Papa John’s International and streaming platform Netflix Inc among its customers said its revenue tripled in the last year. </p> <p>Companies offering productive remote working services for their customers have seen a jump during the <span class="caps">COVID</span>-19 pandemic as offices closed worldwide. </p> <p/> </div>