Leading work management platform Asana completed a $50 million Series E equity round at a valuation of $1.5 billion. The round was led by Generation Investment Management, in addition to existing investors 8VC, Benchmark Capital, and Founders Fund, and new investors Lead Edge Capital and World Innovation Lab. The most recent funding brings Asana’s total funds raised in 2018 to $125 million.
The funding follows the launch of Asana Business, which introduced a new suite of features for project managers, portfolio leads, and management. Named a Leader in The Forrester Wave™: Collaborative Work Management Tools for The Enterprise Q4 2018 report, the company is also widely known for its purpose-driven approach to culture and was named a 2018 Top 5 “Best Place to Work” by Fortune magazine.