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San Diego’s ClickUp raises $35M for software that helps with remote work, project management

ClickUp, a maker of project collaboration software that recently moved its headquarters from the Bay Area to downtown San Diego, has raised $35 million in a first round of venture capital funding.Founded in 2017, ClickUp plans to use the funds to grow operations, adding jobs mostly in engineering, marketing, sales and customer service, said Founder…

ClickUp, a maker of project collaboration software that recently moved its headquarters from the Bay Area to downtown San Diego, has raised $35 million in a first round of venture capital funding.

Founded in 2017, ClickUp plans to use the funds to grow operations, adding jobs mostly in engineering, marketing, sales and customer service, said Founder and Chief Executive Zeb Evans.

“Our main thing now is scaling up the team,” he said. “We’re going pretty aggressively and over the next year or so we plan on hiring roughly 400 more people. That is going to be primarily in San Diego.”

The company currently employs around 90 workers worldwide, including about 55 in San Diego. It moved from Silicon Valley to the Gaslamp district about six months ago.

ClickUp makes a cloud-based project management platform that brings together myriad workforce collaboration tools in one digital place, said Evans.

“Usually what you have is all these project management tools, plus you have all these chat tools and goal tracking tools separately within a company,” he said, “so a company has to use 10 or more tools for all of their work.

“With ClickUp, it is extremely flexible and customizable, and we have all of those tools in one product.”

Project management and collaboration software, already a $45 billion market, has become more critical over the past four months as employees work from home amid coronavirus shelter in place orders.

ClickUp’s software helps with project management, workforce collaboration.

The company recently launched Remote Work OS at part of its platform. It includes features such as artificial intelligence to prioritize tasks, live collaboration to see what others are working on in real time, and visualization features to better understand a project.

The market is hotly competitive, with Asana, Monday.com, Jira and Wrike among the several players in the space. Wrike also has operations in San Diego.

But ClickUp has managed to carve out a following over the past three years. Customers include Google, Nike, Uber, Airbnb, Netflix, and Ubisoft. More than 100,000 teams are using its software platform to digitally collaborate on projects, said Evans.

ClickUp’s platform also integrates with common business software including Google Drive, Slack, Zoom, Salesforce, GitHub, and Zendesk.

ClickUp’s Series A funding round was led by Craft Ventures with participation from Georgian Partners. David Sacks, general partner of Craft Ventures, will join ClickUp’s board of directors.

“ClickUp’s rapid growth through viral, bottom up adoption was a clear sign to us: people love it,” said Sacks in a statement. “We believe Zeb’s vision for uniting collaboration tools on one, flexible platform is the future for the category.”

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