Smartsheet Raises $52M in Series F Funding

Smartsheet, a Bellevue, Wash.-based SaaS platform for managing and automating collaborative work, raised $52.1m in Series F funding.

The round was led by existing investor Insight Venture Partners with Madrona Venture Group and Sutter Hill Ventures, and new investor Summit Partners.

The company, which has raised more than $120m in total financing to date, will use the capital to accelerate investments in product, sales & marketing, and infrastructure.

Led by Mark Mader, CEO, Smartsheet provides a SaaS based platform to centrally manage and automate complex, enterprise-scale projects and processes. Its solutions are used by 69,000 brands and millions of information workers across more than 190 countries.
Customers like Netflix, Salesforce, the GSA, Google, and over half of the Fortune 500 use Smartsheet internally, with clients, and partners.

As of May 2017, the company has more than 550 employees in its Bellevue and Boston offices.



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