• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2025-2026
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
  • About
    • GDPR
  • Contact

Asana Raises $50 Million Series E Funding to Fuel International Growth and Enterprise Scale

November 29, 2018 By admin Leave a Comment

Announces opening of EU data center, expansion into Australia and Japan

Asana, a leading work management platform for teams, today announced the completion of its $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.

“At Generation Investment Management, we’re grounded in the philosophy that through strategic investments in leading, mission-driven companies we can move towards a more sustainable future,” said Colin le Duc, co-founder and partner, Generation Investment Management and Asana board member. “We see Collaborative Work Management as a distinct and rapidly expanding segment, and Asana has the right product and team to lead the market. Through Dustin and the team, Asana is changing how businesses around the world collaborate, epitomizing what it means to deliver results with a mission-driven ethos.”

Asana intends to leverage the latest funding to continue its growth, focusing on key areas of Enterprise Scale, Global Expansion and Product Innovation. Specifically:

Expanding Asana’s global infrastructure capabilities with the opening of an EU data center to meet the needs of its growing European customer base. The planned Frankfurt-based data center is slated for opening in the first half of 2019.
Expanding the company’s global footprint in Asia Pacific, starting with a strategic presence in both Sydney, Australia and Tokyo, Japan—two leading centers of technology and future of work innovation.
Accelerating the delivery of the product roadmap with a focus on helping leaders plan, manage and monitor their company’s most important initiatives.
“We’re honored to be joined by an industry-leading group of investors who share our vision for the future of work,” said Dustin Moskovitz, co-founder and CEO, Asana. “As the work management imperative becomes increasingly global, we’re focused on supporting our expanding international team and customer base to meet the growing demand to democratize project management and improve team coordination. We’re more focused than ever on our vision to enable organizations to align their missions with clarity of plan, purpose and responsibility so they can focus on the work that matters most.”

Asana was recently named a Leader in The Forrester Wave™: Collaborative Work Management Tools for The Enterprise, Q4 2018 report. In addition to this recognition as a leader, 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. Earlier this month, the company launched Asana Business which introduced a new suite of features for project managers, portfolio leads and management to best allocate resources and understand progress towards big objectives.

About Asana

Asana helps teams organize and manage all of their work, from small projects to strategic initiatives. Headquartered in San Francisco, CA, Asana has more than 50,000 paying organizations and millions of free organizations across 195 countries. Global customers such as AB-InBev, Airbnb, Disney, KLM Air France, NASA, Overstock.com, Uber, Viessmann Group, Vox Media, and Zalando rely on Asana to manage everything from company objectives to digital transformation to product launches and marketing campaigns.

About Generation

Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research, and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London. Generation Investment Management LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority. www.generationim.com

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Firefly Takes Flight: Adobe’s Mobile Expansion Sparks New Growth Horizon
  • SkyDrive’s ¥8.3 Billion Pre-Series D Raise Anchors Japan’s Air Mobility Future
  • HPE and Juniper: A Strategic Fusion at the Core of AI-Native Networking
  • Adobe Inc. Analysis Report: Navigating Uncertainty with Resilience
  • NOS: A New Reactor for American Nuclear Ambition
  • Adobe Introduces LLM Optimizer to Help Brands Navigate the Generative AI Shift
  • Why Visa and Mastercard Stocks Slipped After the Stablecoin News
  • iOS 26: The Most Personal, Intelligent, and Private iPhone Experience Yet
  • Postman Unveils Agentic AI Tooling to Operationalize API-Driven Intelligence
  • AM Batteries Opens New Facility in Billerica to Advance U.S. Battery Supply Chain

Media Partners

  • Market Analysis
  • Cybersecurity Market
China’s Strategic Shift to RISC-V: Market Implications and Growth Prospects
Understanding Transfer Pricing: A Key Component of Multinational Business Operations
A Comprehensive Tour of Project Management Tools and Integration Platforms
Implementing Odoo ERP in a Small Manufacturing Enterprise: Costs and Considerations
Economic Optimism Meets Uncertainty: Blue Chip Indicators Highlight Post-Election Fiscal Concerns and AI’s Looming Impact
The Future of Connectivity: Insights from Ericsson’s November 2024 Mobility Report
Platinum Market Faces Sustained Deficit Amidst Strong Demand and Constrained Supply
Breaking Beijing’s Grip: U.S. and Australia Unite Against China’s Rare Earth Monopoly
Global AI-Powered Accounting and Audit Services Market Analysis 2023-2030: Growth, Trends, and Forecast
The Re-Emergence of PHP
Cyber’s Leading Minds Take the Stage at Black Hat USA 2025
INE Security Launches Enhanced eMAPT Certification
AppOmni Secures FedRAMP Moderate ATO, Redefining Federal SaaS Security Posture
Cyberstarts Unveils $300M Employee Liquidity Fund to Strengthen Cybersecurity Startup Talent
Reflectiz Joins the Datadog Marketplace
Ransomware Disruption at Ingram Micro Raises Operational and Reputational Concerns
AI Meets Cybersecurity at Black Hat USA 2025: A Strategic Convergence of Defense and Disruption
SentinelOne Earns Recognition as Strong Performer in Gartner Peer Insights ‘Voice of the Customer’ for CSPM
Rubrik Named Leader in Gartner Magic Quadrant, Fuels Cyber Resilience with Agentic AI
Cato Networks Raises $359M to Lead AI-Driven Enterprise Security

Media Partners

  • Market Research Media
  • Technology Conferences
The Rise of Headless Content Frameworks in Distributed Media Projects
Developing Web Projects: From Concept to Launch
The Rise of APS-C Cameras: A Professional Renaissance in Photography
Market Brief: Disruption in Spanish Orange Supply Chain and Strategic Response by UK Retailers
Global AI-Powered Movie Scenario Market Analysis 2023-2030: Growth, Trends, and Forecast
Market Research Report: US Government Cybersecurity Market in 2024
Market Research Report: Global Advertising Revenue Projections and Trends in the Entertainment & Media Industry
Social Media: The Rise of Formulaic Content
Netflix’s Creative Decline: The Rise of Formulaic Content
The Transformation of Media: Navigating the Waning Allure of Social Platforms
Apple Announces WWDC25, June 9 to 13, 2025
Adobe Summit 2025, March 17-20, Las Vegas
Embedded World 2025, from 11 to 13 March 2025 in Nuremberg
SATELLITE 2025: Uniting the Global Satellite and Space Communities
The milestone 10th edition of Chatbot Summit on March 31 – April 1, 2025, The Ritz-Carlton, Berlin
Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco
The NVIDIA GPU Technology Conference (GTC) 2025 is set to take place from March 17 to 21 at the San Jose McEnery Convention Center in San Jose, California
The Taipei Nangang Exhibition Center is set to host COMPUTEX 2025 from May 20 to May 23
The Mobile World Congress (MWC 2025) will kick off from March 3 to 6 in Barcelona, Spain
IOT Solutions World Congress 2025: Forging the Future of Industrial Innovation

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains