SmartSheet Secures $26,000,000 New Financing

  • Feed Type
  • Date
    12/3/2012
  • Company Name
    SmartSheet
  • Mailing Address
    10500 NE 8th St Bellevue, WA 98004
  • Company Description
    Smartsheet is a privately-held Software as a Service (SaaS) provider based in Bellevue, Washington (USA). Incorporated in 2005, the company launched its Smartsheet.com service in August of 2006. Since that time, thousands of users throughout the United States, Australia, the United Kingdom, and more than twenty other countries have benefitted from a better way to manage tasks, projects, and processes through an innovative, easy to use online application. By delivering the service through world-class hosting partners Rackspace (SAS-70 Certified) and Amazon Web Services (S3 Service), Smartsheet achieves superior availability and security for its customers.
  • Website
    http://www.smartsheet.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $26,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company will use the funding to accelerate sales and marketing efforts, advance software development efforts, and expand partnerships.
  • M&A Terms
  • Venture Investor
    Madrona Venture Group
  • Venture Investor
    Insight Venture Partners

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