Asana is seeking to raise a $75 million Series D at a valuation of between $800 million and $1 billion, PitchBook has learned. The round makes the task management software startup a surefire contender for the unicorn club.
San Francisco-based Asana provides a workplace software application intended to facilitate collaboration and track work across teams; its customers include Google, Lyft, Uber and Airbnb. The company was founded in 2009 by Dustin Moskovitz, a co-founder of Facebook who also served as its CTO and VP of engineering, and Justin Rosenstein, a former Facebook engineering manager and the inventor of notable features including the Like button and Facebook Pages.
The Series D was led by Al Gore's Generation Investment Management, per Bloomberg. Asana has previously raised about $90 million in VC funding, per PitchBook data, including a Sam Altman-led $50 million round in March 2016 that valued the startup at $600 million. Facebook founder Mark Zuckerberg, Priscilla Chan, Founders Fund, 8VC and others also participated in that round.
Andreessen Horowitz, Benchmark and Peter Thiel are also investors in Asana. Thiel is also a former member of the company's board of directors; he joined in 2012 following his investment.
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