Productivity platform ClickUp raised USD 400 million in a Series C funding round co-led by Andreessen Horowitz and Tiger Global with the participation of Lightspeed Venture Partners and Meritech Capital Partners.
The round brings the company’s total funding to over USD 535 million and values it at USD 4 billion, reflecting a 4x increase from its previous valuation of USD 1 billion (USD 100 million Series B, December 2020). The increase is likely due to significant growth in users from 200,000 to 800,000 over the past year.
The fresh funds are expected to be used to further expand in Europe, which currently accounts for 34% of its user base. ClickUp plans to set up a new HQ with 600 new hires in Ireland.
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