SV Angel is a San Francisco-based venture fund. Their experience spans helping companies like Airbnb, Coinbase, Databricks, DoorDash, Faire, Flexport, GitHub, Notion, Pinterest, Snap, Square, and Stripe Scale. Over the last 30 years of investing, their core values of trust, loyalty, and integrity along with a founder-first approach have driven our strategy. They are a service organization, investing in founders who share these values. They support entrepreneurs in building lasting companies by assisting at key inflection points and leveraging networks to help them propel their businesses forward.

Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

Benchmark invests in and works alongside entrepreneurs building startups into transformational companies. They focus on early-stage venture investing in mobile, marketplaces, social, and infrastructure and enterprise software. Founded in 1995, the firm has offices in Woodside and San Francisco, California. The firm has been recognized for its commitment to open source and is noted for creating the first equal ownership and compensation structure for its partners. The five equal general partners who take board seats and a hands-on approach to every entrepreneur and company they back, with no junior investment staff. Current general partners are Chetan Puttagunta, Sarah Tavel, Victor Lazarte, Peter Fenton, and Eric Vishria. Benchmark has had 37 exits since beginning of 2011; 14 IPOs and 23 M&As representing a total market value of more than $60 billion. Benchmark’s current portfolio of early-stage venture investments includes private market leaders such as Uber, Snapchat, Tinder, Stitch Fix, Elastic and Cyanogen; recent IPOs and acquisitions such as Twitter, Instagram, Yelp, League of Legends, Jasper, OpenTable, New Relic, Hortonworks, Amplitude, Confluent, GrubHub, Zendesk and Zillow; and franchise companies from Juniper to eBay to Red Hat.

Benchmark

Founders Fund is a venture capital firm that invests at every stage in companies building revolutionary technologies. It has been investors, founders, and early employees of prominent technology companies. It has historically invested in a wide variety of sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer Internet.

Founders Fund

VTF Capital is a seed stage venture fund investing in the future of commerce.  We invest capital and sweat into innovative ideas transforming how products are made, distributed and accessed.

VTF Capital

8VC seeks to enable industry transformation. In a wave of creative destruction, they believe emerging platforms will replace the decades-old technology infrastructure behind many industries, promoting greater innovation and prosperity.

Generation Investment Management is dedicated to investing, integrated sustainability research, and client alignment. The company believes the interests of shareholders, over time, will be best served by companies that improve financial returns by managing economic, social, and environmental performance. It also builds a global research platform to integrate sustainability research into fundamental financial analysis. The company's investment team was founded by bringing together investment analysts with leaders from the sustainability research field. Generation's investment approach is based on the conviction that sustainability risks and opportunities directly affect long-term business profitability.

Generation Investment Management

Lead Edge Capital is a $5 billion growth equity firm investing in software, internet, and tech-enabled services businesses globally. The firm has invested in a number of major software and internet companies around the world, including Alibaba Group, Arrive Logistics, Asana, Azul Systems, Bazaarvoice, Benchling, Clearscore, Duo Security, Grafana, GrowthZone, Holistiplan, LeanStaffing, LiveView Technologies, Pacemate, Safesend, Signal Sciences, Tempo, Toast, Wise, and YouSign. Lead Edge has invested in more than 100 companies worldwide and has seen over 60 portfolio companies achieve an exit.   One of the main drivers of Lead Edge’s success is its unique investor base, a group of 700+ executives, entrepreneurs, and dealmakers who have built and run some of the world’s most successful companies. In addition to providing flexible capital, Lead Edge leverages this global advisory group to connect portfolio companies with the customers, partners, talent, and advisors needed to accelerate growth. Lead Edge Capital was founded in 2011 and has offices in New York City and Santa Barbara.

Lead Edge Capital

WiL (World Innovation Lab) is a venture capital firm that partners with leading global corporations and government entities in Japan and Asia. With offices in Palo Alto, California, and Tokyo, the firm’s mission is to serve as a bridge between startups and corporations in the United States and Asia, with a particular focus on Japan. WiL supports its portfolio companies by establishing corporate partnerships that enable U.S. and European startups to scale globally, and Japanese startups to innovate and globalize. WiL invests in emerging technology spanning fintech, insurtech, automation and productivity, cybersecurity, cloud infrastructure, developer tools, health tech and sustainability. Notable WiL investments that have exited to public markets from Fund I and Fund II include Asana, Mercari, Raksul, Wise and Auth0 — whose acquisition by Okta was completed in May 2021. WiL also invests in exceptional venture funds, and supports its LPs in corporate venture investment efforts. WiL also works with its corporate investors on evolving their own innovation capabilities through new business creation, partnerships with leading startups, and organizational culture change. WiL acts as the bridge between startups and corporates across key innovation hubs around the globe in driving growth - starting with Japan and the US.

WiL (World Innovation Lab)

Benchmark Capital was formed in 2015 with a mission to power the highest quality firms in the Financial Services profession. Our Group companies bring together all the jigsaw pieces in an otherwise fragmented industry. Our best-in-class technology solutions, discretionary platform and support services provide competitive advantage to over 120 leading National and Regional firms.

Benchmark Capital Advisory UK

Asana

Asana is a computer software company that specializes in the fields of work management and productivity. It helps teams orchestrate their work, from small projects to strategic initiatives.

<div><p>Asana is a project management tool founded in 2008 that focuses on collaborative task management. Asana allows users to break up projects and assign, track and meet task deadlines using email, calendar and communication integrations. It announced a workflow integration solution in partnership with ServiceNow&rsquo;s enterprise platform (May 2021) and introduced video messaging capabilities in partnership with Vimeo (June 2021). Asana listed on the New York Stock Exchange in September 2020 and had a total of USD 453 million in debt and equity financing at the time of the listing.</p></div>

The tools that power remote work are define the next generation of enterprise software.

Remote Work Tools

<div><p>Asana is a computer software company that specializes in the fields of work management and productivity. It helps teams orchestrate their work, from small projects to strategic initiatives. It was founded in 2009 and is headquartered in San Francisco, California.</p></div>

Tools that streamline software development

DevOps Toolchain

<div>
  <p>
    Asana is a project management tool founded in 2008 that focuses on collaborative task management. Asana allows users to break up projects and assign, track and meet task deadlines using email, calendar and communication integrations. It announced a workflow integration solution in partnership with ServiceNow&rsquo;s enterprise platform (May 2021) and introduced video messaging capabilities in partnership with Vimeo (June 2021). Asana listed on the New York Stock Exchange in September 2020 and had a total of USD 453 million in debt and equity financing at the time of the listing.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    Asana&rsquo;s 
    <a href="https://sp-edge.com/updates/17028">
      <u>FY 2023</u>
    </a>
     full-year revenue was up 45% YoY at USD 547 million. The revenue growth was supported by a 19% YoY growth in paying customers to 139,000 as of Q4 FY2023. Notably, the number of customers spending USD 50,000 or more (annualized basis) grew 46% YoY to ~1,300 as of Q4 FY2023, indicating significant traction among larger customers. The overall dollar-based net retention rate in Q4 dropped to 115% from 120% last year. Full-year FY2023 non-GAAP operating loss deteriorated to USD 207 million from USD 157.1 million a year ago.
  </p>
  <p>
    The company guided full-year FY2024 revenue to reach USD 638 million&ndash;648 million, implying a 17%&ndash;18% YoY growth.&nbsp;
  </p>
</div>


<div>
  <p>
    Hive is a productivity platform for project management and collaboration. The platform provides automated workflows, project planning layouts, and action templates to assign and keep track of project tasks. Hive focuses on improving task execution with instant feedback cycles for editing and approvals. Additional features include note taking (Hive Note), instant messaging, online meetings, and file sharing.
  </p>
  <p>
    Hive offers a variety of ways for teams to organize their projects, including Gantt charts, Kanban boards, tables, and calendars, with updates made in one view automatically reflected in all others. The platform allows team members to create action cards with files, sub-actions, dependencies, and comments to stay on top of their objectives, and have access to a personal to-do list that compiles all assigned tasks from all projects. Managers can use Hive to assign approvals, share proofs, provide feedback, and collect project forms from clients and customers. Hive also uses AI and machine learning to provide insights on team productivity and identify potential risks, and to optimize resource allocation and client billing.
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    The company&rsquo;s customer base includes Uber, Marriot, Starbucks, The Economist, Compass, Omnicom, Harvard, New York University, and WeWork. Hive offers integrations over 1,000 SaaS platforms, including Asana, Trello, Basecamp, and Smartsheet, allowing users to import tasks from these platforms.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    Hive raised USD 10.6 million in&nbsp; raised USD 10 million in a funding round led by Rembrandt Venture Partners in August 2021. The funding round included Zoom as well as existing investors Tribeca Venture Partners and Angelpad. Hive is one of the first startups to receive an investment from Zoom&rsquo;s recently launched Zoom Apps Fund (a USD 100 million global venture fund). The fresh funds were allocated toward platform development.&nbsp;
  </p>
</div>


Hive

<div>
  <p>
    Grain’s software allows users to record and share online meeting content from tools such as Zoom in an effective manner. The content can be in the form of recorded videos or transcripts from the call. In addition, the shareable content can be clipped and tweaked to create summary videos of lectures, workplace meetings, etc. Grain operates a subscription-based model with a free-to-use version, a paid plan priced at USD 19 per user per month, and an enterprise plan with custom pricing. The company’s products focus on distributed teams, sales, product and user research, and hiring teams.
  </p>
  <p>
    In its latest funding round (
    <a href="https://sp-edge.com/updates/9759">
      <u>April 2022</u>
    </a>
    ), Grain raised USD 16 million in Series A funding led by Tiger Global Management. The funds were raised to expand operations and develop its ​​video meeting system of record for content, which allows employees to collaborate around insights, topics, relationships, or teams. 
  </p>
</div>


Grain

<div>
  <p>
    Air is a creative operations system that enables designers and marketers to create, store, search, collaborate, and review image and video content. Air&rsquo;s smart search function is equipped with image recognition, automated tagging, and search filters to reduce time spent on manual processes. Kanban-style project management tools that integrate with third-party tools like Asana and monday.com are also included in Air to manage visual content planning, production, and distribution workflows. Further, Air supports collaboration and the review process through version stacks and features like annotations, which can be&nbsp;timestamped and shared publicly. As of January 2022, Air offered a free version with a storage capacity of up to 5 GB for three members and paid subscription plans starting from USD 10 per month/per user.
  </p>
  <p>
    Shane Hegde and Tyler Strand, both Stanford graduates, founded Air in 2017. Hegde was the former chief digital officer at TV network Revolt Media (an American music cable television network). Strand&rsquo;s previous venture hostess.fm (a live-streaming company) was sold to LA-based events company SFX Entertainment in 2014.
  </p>
  <p>
    Although it was founded in 2017, Air launched in March 2020. In its first four months since launch, it reported weekly paid user growth of 10% and attracted 200 clients as of September 2020. As of January 2022, the company&rsquo;s revenue in the direct-to-consumer (DTC) and ecommerce markets had seen more than 500% YoY growth in the preceding 12 months. Air&rsquo;s free product is used to manage nearly 20 million creative assets, 25% of customers use the product daily, and customer revenue has doubled every six months, as of January 2022.
  </p>
  <p>
    In its most recent funding round in 
    <a href="https://sp-edge.com/updates/8139">
      <u>January 2022</u>
    </a>
    , Air raised USD 10 million in an &ldquo;Operator Round&rdquo; led by Headline with participation from Tiger Global, Lere Hippeau, and 50+ strategic founders and marketing executives including Peter Rahal (Co-Founder, RXBAR), Kipp Bodnar (CMO, HubSpot), and Joe Thomas (CEO, Loom), valuing the company at USD 110 million. The company considers the Operator Round to be unique, as its backers included Air&rsquo;s existing customers, potential customers, and prominent product advisors. The fresh funds will be used to accelerate Air&rsquo;s go-to-market activities and growth.
  </p>
</div>


<div>
  <p>
    Acapela was co-founded by Roland Grenke, founder of Dubsmash, a video sharing social media app. Acapela facilitates online meetings without real-time interaction between participants; instead, members contribute to meetings over time. 
  </p>
  <p>
     Acapela provides voice and video messages integrated with popular productivity tools such as Asana, Google Workspace, Notion, and Atlassian. Additionally, meetings will generate tasks and meeting summaries automatically. The company identified distributed tech teams as its initial target segment and plans to shift focus toward small and medium enterprises (SMEs) and larger enterprises eventually.  The product is currently in invite-only beta.
  </p>
  <p>
    In October 2020, the company exited stealth mode with a USD 3 million seed funding round led by Visionaries Club. The round included Entrepreneur First and other notable individual investors, such as Christian Reber (founder of presentation software Pitch) and Taavet Hinrikus (founder of online money transfer service TransferWise). 
  </p>
</div>


Acapela

<div>
  <p>
    iObeya is a French company that has begun its global expansion starting with the United States. The company focuses on visualization tools for management, such as lean, agile, and manufacturing, often in the form of Gantt charts, whiteboards, and post-it notes. The platform currently has more than 300,000 users across 350+ clients, which are mainly large enterprises.
  </p>
</div>


iObeya

Solutions in this industry hub are predominantly offered under a B2B SaaS model

Some solutions in the virtual office and video conferencing segments are based on AR/VR

Facilitates hybrid workforces by offering tools for employees to collaborate regardless of location

Meeting transcription and note-taking apps, design, and project management tools use AI/ML for product development

Platforms that facilitate task delegation and tracking with board, timeline, and kanban style views.

<div>
  <p>
    Asana is a computer software company that specializes in the fields of work management and productivity. It helps teams orchestrate their work, from small projects to strategic initiatives. It was founded in 2009 and is headquartered in San Francisco, California.
  </p>
</div>


<div>
  <p>
    SonarSource provides world-class solutions for continuous code quality management. Its open-source and commercial products help customers of all sizes to manage the code quality of their applications, reduce risk and ultimately deliver better software.   SonarSource solutions support development in 20+ programming languages such as Java, C#, Javascript, C/C++, COBOL and more.   With 700+ customers around the world including Cisco Systems, Deutsche Bank, and Samsung and used by more than 80'000 organizations SonarSource's products are the de facto standard solutions on the market.
  </p>
</div>


Sonar Source

<div>
  <p>
    GitLab Inc. is the open core company that provides GitLab, The DevOps Platform, that empowers organizations to maximize the overall return on software development by delivering software faster and efficiently while strengthening security and compliance. GitLab&rsquo;s single application is easier to use, leads to faster cycle time and allows visibility throughout and control over all stages of the DevOps lifecycle. With GitLab, every team in your organization can collaboratively plan, build, secure, and deploy software to drive business outcomes faster with complete transparency, consistency and traceability. Built on Open Source, GitLab works alongside its growing community, which is composed of thousands of developers and millions of users, to continuously deliver new DevOps innovations. GitLab has an estimated 30 million+ registered users (both Paid and Free) from startups to global enterprises, including Ticketmaster, Jaguar Land Rover, Nasdaq, Dish Network, and Comcast trust GitLab to deliver great software faster. All-remote since 2015, GitLab has more than 1,350 team members in over 65 countries.
  </p>
</div>


GitLab

<div>
  <p>
    CloudBees develops an end-to-end automated software delivery system that allows companies to balance governance and developer freedom. The company provides companies with smarter solutions for accelerating software development and the fastest path from great ideas to impactful software. Its continuous delivery solutions offer developers and enterprises many choices, from on-premise to cloud-native, from self-managed to self-service, and from guided best practices to flexible choices. By making the software delivery process more productive, manageable, and hassle-free, CloudBees puts companies on the fastest path to transforming great ideas into great software and returning value to the business more quickly.   Backed by Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Delta-v Capital, Golub Capital&rsquo;s Late Stage Lending, and Unusual Ventures, CloudBees was founded in 2010 by former JBoss CTO Sacha Labourey and an elite team of continuous integration, continuous delivery, and DevOps professionals.
  </p>
</div>


CloudBees

<div>
  <p>
    BigPanda's autonomous operations platform helps IT Ops, NOC and DevOps teams detect, investigate, and resolve IT incidents faster and more easily. Powered by Open Box Machine Learning, BigPanda correlates IT noise into insights, automates incident management, and unifies fragmented IT operations. Customers such as Intel, TiVO, Turner Broadcasting, and Workday rely on BigPanda to reduce their operating costs, improve service availability and performance, and de-risk and accelerate their digital transformation initiatives. Founded in 2012, BigPanda is backed by top-tier investors including Sequoia Capital, Mayfield, and Battery Ventures.
  </p>
</div>


BigPanda

Platforms offer AI-based code completion and other tools to help automate testing workflows

Uses generative AI for code completion and generation features offered by certain code editors

Its platforms are available under a B2B SaaS model

Platforms that help companies with software development workflows such as analyzing requirements, planning development schedules, and building roadmaps.

Asana

Remote Work Tools

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EDGE Insights

DevOps: Collaboration for speed

Recent Updates

Asana launches new AI smarts to help organizations improve business outcomes

Asana beats earnings estimates in FY2023

Asana reports Q3 FY2023 earnings; share price drops during after hours trading amid lower-than-expected revenue guidance

Asana announces Q2 FY2023 results; beats analyst estimates

Asana releases Q1 FY2023 earnings results; beats consensus earnings and revenue estimates

Asana releases Q4 and FY2022 earnings; stock plunges after hours despite earnings beat

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