One of the most popular project management software company Asana is getting ready to their IPO like other tech startups and companies. The company announced that Asana IPO is not coming in 2019, they’ll be pursuing an IPO this year.
Asana is offering services for collaboration and tracking with the aim to make working and collaborating within companies and businesses much easier and simpler, which is how the company managed to report a growth of 2.4 times its previous, ARR, while the company had a successful funding round E in the last quartal of 2018 when the tech startup raised 50 million dollars in funding.
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Upcoming Asana IPO
Earlier in 2018, Asana made it with 75 million dollars from their E funding round, while round C brought 90 million, altogether bringing estimates at 1.5 billion dollars.
Asana is preparing to go public with the most recent private funding round bringing 50 million dollars to the company, which sent the estimates for the upcoming IPO to 1.5 billion dollars, including the previous private funding rounds earlier in 2018.
The company currently has around 50,000 paying customers, while the funds collecting through private investors will be used for expansion according to the company’s representatives.
Asana has been in the business of project management and SaaS industry since 2008 and during this time period, the company showed an immense growth potential that investors such as Benchmark and Founder Fund noted right at the beginning of company’s business.
Although Asana might be not the shiniest IPO, it will most certainly attract more investors once the company goes public.
What is Asana?
Asana is one of the most popular project management software currently available on the market. The robust work management platform serves your teams so they can stay focused on the goals, projects, and daily tasks as you grow your business.
To get your works organized, Asana enables you to plan and structure work in a way that’s best for you. It handily lets you set priorities and deadlines, share details and assign tasks—all in one place. To stay on track, it allows you to follow projects and tasks through every stage. You know where work stands and can keep everyone aligned on goals.
To help you meet deadlines, the platform lets you create visual project plans to see how every step maps out over time. With it it’s much easier to pinpoint risks and eliminate roadblocks. Even when plans change.
Overview of Asana Benefits
See where everything stands. Asana’s boards lets you easily visualize your work. Move work through multiple stages quickly, easily, and beautifully.
Never miss a deadline again. Use Timeline to create a plan that shows you how the pieces of your project fit together, and helps you keep work on track as things change.
Tie it all together. Bring emails, files, tickets, and more into Asana with over 100 integrations to choose from, so you can see everything in one place.
See the big picture. Nail your timing by viewing work on a calendar. Easily spot holes and overlaps in your schedule and quickly make adjustments.
Report on your work. Share results with your team and see how work is progressing to see what’s on track and what needs attention.
Keep track of what’s most important. Use custom fields to track the info that’s most important to your team or company, so it stays front and center.
No need to reinvent the wheel. Turn common processes into templates your whole team can use, so projects run smoothly every time.
Share info with the right people. Make teams and projects private to create a safe space for sensitive work.
Share info with the right people. Make teams and projects private to create a safe space for sensitive work.
What Problems Will Asana Solve?
Mashable Successfully Replaced Email with Asana
Mashable’s multiple teams use Asana which has become an essential part of the entire firm’s process. The company initially tried Asana for one project. The trial was successful and now Mashable says Asana helps them get stuff done, and also allows them to view a complete history of the tasks done and how they did them. Today, a range of Mashable’s internal teams from Editorial Art to Sales/Advertising use Asana.
Udacity uses Asana as a Communication Super Tool
Udacity first used Asana for bug tracking. They were impressed, and now they use Asana for a range of activities from company roadmapping to day-to-day operations. Udacity says Asana is not meant just for task management, it is a communication super tool that helps the whole company collaborate on common goals.
Baggu Says Asana is Great for Project and Task Management
Baggu tried Asana for their growing task management needs. Asana helped users in the company keep track of their activities and break up projects into smaller, actionable tasks. This helped the project members get things done efficiently. Now, Baggu uses Asana to confidently assign tasks as well as for long projects that need close teamwork over a period of time.
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