Tag Archives: internet

Asana raises $50 million


It’s amazing how the internet has allowed even the smallest startups to hire a global workforce. Telecommuting lets teams from anywhere in the world work together, an advantage that businesses never had over a decade ago. Efficient communication is crucial to success, whether team members work in the same office or are spread out across different countries. One company that offers secure, real-time business communication is San Francisco-based startup Asana. Asana is a web and mobile application designed to help teams improve communication, organisation and collaboration. The software tracks projects, tasks and conversations on a user-friendly dashboard, which enables teams to manage work from start to finish. Last week, Asana announced it raised $50 million in funding from a consortium of investors, including Facebook CEO Mark Zuckerberg and his wife Priscilla Chan, Y Combinator president Sam Altman, Groupon founder Andrew Mason and Peter Thiel’s VC firm Founder’s Fund, among others. According to the co-founders of Asana, Dustin Moskovitz and Justin Rosenstein, the funds will be used to create a bigger and better version of the current application to service larger companies.

You can read about the funding here.

Top 20 Investment Deals for May 2015

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
2$600,000,000Kuaidi DacheConsortiumMobile & AppsInvestment
3$590,000,000Meizu Alibaba Group Holding LimitedHardware & InfrastructureInvestment
4$537,000,000SnapchatConsortiumMobile & AppsInvestment
6$500,000,000Tuniu JDTransactionsInvestment
7$500,000,000ZenefitsConsortiumSoftware & ServicesInvestment
8$485,000,000SnapchatConsortiumMobile & AppsInvestment
10$350,000,000Ele.meTencent, Sequoia CapitalTransactionsInvestment
11$324,510,900Delivery HeroUndisclosedTransactionsInvestment
12$315,000,000OlaConsortiumMobile & AppsInvestment
13$275,000,000Affirm ConsortiumTransactionsInvestment
14$270,000,000Conductor ConsortiumMarketingInvestment
17$233,000,000DocuSignBrookside Capital, Bain Capital VenturesTransactionsInvestment
19$200,000,000Domo ConsortiumSoftware & ServicesInvestment
20$200,000,000Social Finance ConsortiumTransactionsInvestment

More information

  1. Facing Demand, Uber Expands Funding Round by $1 Billion (NY TImes)
  2. KuaiDi Dache Raises US$600M in Funding (FinSMEs)
  3. Meizu Receives US$590M Minority Investment from Alibaba (FinSMEs)
  4. Snapchat Closes Another Massive Funding Round — $537 Million (Re/code)
  5. Lyft Raises $530M in Series E Funding (FinSMEs)
  6. Chinese travel site Tuniu gets $500M injection, JD now biggest shareholder (Tech In Asia)
  7. Zenefits Raises $500M Series C Funding (FinSMEs)
  8. Snapchat Raises $485M in Funding (FinSMEs)
  9. Pinterest raises $367M at $11B valuation with a look toward international expansion (VentureBeat)
  10. Food Delivery Service Ele.me Raises $350M From Tencent, Sequoia Capital (TechCrunch)
  11. Delivery Hero Raises €287M in Financing (FinSMEs)
  12. Ola raises blockbuster $315M funding to stay ahead of Uber in India (Tech In Asia)
  13. Affirm Raises $275M in Debt and Equity Financing (FinSMEs)
  14. Conductor Proves Web Presence Management Is A Real Thing With $27 Million In Series D (TechCrunch)
  15. Lyft Seeks To Raise Another $250 Million At A $2 Billion Valuation (TechCrunch)
  16. Baihe, a Chinese dating site where users flaunt their financial standing, bags $241M (Tech In Asia)
  17. DocuSign Raises Additional $233M in Funding (FinSMEs)
  18. Instacart Closes $220M Series C Financing (FinSMEs)
  19. Domo Closes $200M Series D Financing; Valued at $2 Billion (FinSMEs)
  20. Social Finance Raises $200M in Series D Funding (FinSMEs)