ASANA INC
About ASANA INC
Asana, Inc. is an American software company based in San Francisco, California whose flagship Asana service is a web and mobile work management platform designed to help teams organize, track, and manage their work. By January 2018, more than 35,000 paying customers were using Asana, including CityFibre, AB-InBev, Viessmann, eBay, Uber, Overstock.com, Navy Federal Credit Union, Icelandair, and IBM. The company has exceeded $100 million in annual recurring revenue and was valued at $1.5 billion prior to going public. Asana went public on the NYSE via direct listing in September 2020 and was valued at more than $4 billion on debut.
Key highlights
- Asana went public via direct listing on NYSE in September 2020 and opened at $27 per share, closing at $28.80 for a $4+ billion valuation.
- Raised $75 million Series D in January 2018 led by Generation Investment Management and $50 million Series E in November 2018.
- Reported $142.6 million revenue for year ended Jan 31 2020, an 86% increase from prior year.
- Backed by Y Combinator, Founders Fund, and other investors with over 35,000 paying customers including Uber, eBay, and IBM.
- Announced a $150 million stock repurchase program post-IPO.
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