Tracxn - Enterprise Collaboration Startup Landscape

JUNE 2018
ENTERPRISE COLLABORATION

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Enterprise Collaboration - Jun 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on June 22, 2018.
Enterprise Collaboration Feed Summary
4
Enterprise Collaboration > Feed Summary
Software enabling enterprises to collaborate internally to improve overall productivity.
• Inclusions: Software and networking tools which
help for internal collaboration within enterprises. Its
objective is to collaborate on projects and improve
employee productivity. Enterprise collaboration tools
are typically two type: Document centric and
Employee/ people centric.
• Exclusions: Software enabling external collaboration
( employee and external customers), consumer facing
apps, and personal productivity software etc.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$12.2B
Funding
83
Mega
Companies
10583750
FundedCovered on
Tracxn
16
Unicorns
33
Soonicorns
32
Minicorns
36
IPO’d Cos
371
Late Stage Cos
112
78
Acquisitions
329
DeadPooled
206
Acquihired
Series A+ Cos
CA Technologies
(1976, New York City, Acq.)
OpenText
(1991, Waterloo, Public)
Cisco
(1984, San Francisco, $2.5M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Enterprise Collaboration
5
$250M - Series G
Slack (2009, San Francisco, $841M)
$70.5M - PE
Oodrive (2000, Paris, $81.5M)
$150M - Series F
Fuze (2006, Cambridge, $500M)
$67M - Series D
Symphony (2014, Palo Alto, $300M)
$104M - Series E
$66M - Series B
Front (2013, San Francisco, $79.2M)
$100M - Series D
Zoom (2011, Santa Clara, $146M)
$65M - Series C
Oblong (2006, Los Angeles, $104M)
$75M - Series D
Asana (2009, San Francisco, $168M)
$63M - Series C
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Enterprise Collaboration > Feed Summary > Investment Trend Summary
Seed
Right Side Capital Management (#4), True Ventures (#4), High-
Tech Grunderfonds (#3)
Series A/B BoxGroup (#4), GV (#4), Insight Venture Partners (#4)
Series C+
Bessemer Venture Partners (#2), DST Global (#2), Glynn Capital
(#2)
Incubators Y Combinator (#15) 500 Startups (#13) Techstars (#10)
Other Notable
Investors
Wayra (#9), Kima Ventures (#7), Goldman Sachs (#6)
Debt Investors
Western Technology Investment (#13), Lighter Capital (#8),
Hercules Capital (#7)
Most Active InvestorsRecent Investments
174 151 157 147 104 56
$918M
$1.9B
$1.1B
$1.3B
$1.3B
$762M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$9.9B
$1.1B
$277M
$244M
$150M
US
Europe
Israel
Australia
Canada
$ Funding
387 376
415
271
106
8
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded

Summary of exit outlook in Enterprise Collaboration
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Sequoia Capital 7
Dropbox (2007, San Francisco, $607M)
Okta (2009, San Francisco, $230M)
Accel Partners 6
New Enterprise
Associates
4
Box (2005, Los Altos, $701M)
eRoom (1996, Cambridge, $50.3M)
Index Ventures 4
Khosla Ventures 4
Apr 2018 Mitel Acq by Searchlight Capital for $2B
Mar 2018 Polycom Acq by Plantronics for $2B
Jul 2016 GoToMeeting Acq by LogMeIn for $1.8B
Oct 2009 Tandberg Acq by Cisco for $3.3B
Mar 2007 WebEx Acq by Cisco for $2.9B
Aug 2006 FileNet Acq by IBM for $1.6B
Enterprise Collaboration > Feed Summary > Exit Outlook Summary
Cisco 3
Tandberg (Oct 2009, $3.3B), WebEx (Mar 2007, $2.9B), Acano
(Nov 2015, $700M)
IBM 3
Lotus Development Corporation (Jul 1995, $3.5B), FileNet
(Aug 2006, $1.6B), Bowstreet (Dec 2005)
Microsoft 3
Yammer (Jun 2012, $1.2B), PlaceWare (Jan 2003, $200M),
Wunderlist (Jun 2015)
OpenText 3 Vignette (Jul 2009, $310M), Captaris (Sep 2008, $131M)
Salesforce 2 Quip (Aug 2016, $750M), Thinkfuse (Jun 2012, $467M)
Recent IPOs Top Acquisitions
LoopUp Aug 2016
Audio and web conferencing solution
IPO MCap: $53.8M Current MCap: -
Intellinetics Jan 2016
Electronic document management solutions
IPO MCap: - Current MCap: $2.8M
Atlassian Dec 2015
Collaboration suite for software developm…
IPO MCap: $4.4B Current MCap: $14.7B
Knosys Sep 2015
Knowledge Management Platform
IPO MCap: $10.9M Current MCap: -
Dropbox Mar 2018
Cloud-based file sharing and synchronizat…
IPO MCap: $8.2B Current MCap: -
Newgen Software Jan 2018
Provider Contract Management and Document…
IPO MCap: $267M Current MCap: -
Avaya Jan 2018
Customer & Team Engagement Solutions
IPO MCap: - Current MCap: -
Okta Apr 2017
MFA & SSO-based cloud identity and mobili…
IPO MCap: $1.5B Current MCap: $5.2B

FACTSHEET
Overview
Companies 3750
Funded 1058 Series A+ 371
Funding $12.2B Last 2 yrs $2.6B
Most Active Investors
Seed True Ventures (4)
Series A/B GV (4)
Series C+ Bessemer Venture Partners (2)
Others Wayra (9)
Incubators Y Combinator (15)
Top Cities
Bay Area 408 Cos $6.3B
Cambridge 14 Cos $495M
Feed in Numbers
Unicorns 16 Soonicorns 33
Minicorns 32 Editor Picks 219
Acquihired 206 Deadpooled 329
Top Companies
Cisco (1984, San Francisco, $2.5M, Acq)
CA
Technologies
(1976, New York City, Acq)
OpenText (1991, Waterloo, Public)
Exits
IPOs 36 Newgen Software, Dropbox
Acquisitions 78 Mitel, Polycom
Top Acquirers Cisco, IBM
Marketmap: Enterprise Collaboration
SUITE
CONTENT MANAGEMENT
CONTENT
KNOWLEDGE
DOCUMENT MANAGEMENT
DATA DIGITIZATION
COMMUNICATION
CONFERENCING
MEETING AND CHAT APPS*
UNIFIED COMMUNICATION
VIDEO CONFERENCING
WEB CONFERENCING
TEAM COLLABORATION
PROJECT MANAGEMENT
FILE SYNCHRONIZATION
& SHARING
SOCIAL PLATFORMS
COLLABORATIVE WORKSPACES*
MEETING COLLABORATION
TEAM & TASK MANAGEMENT
PROJECT REPORTING
For any Feedback and Query reach out to MyAnalyst@tracxn.com* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
Enterprise Collaboration > Feed Summary > BlueBox
7

Key Sub Sectors in Enterprise Collaboration Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Enterprise Communication > Messaging
and Chat Apps >
Horizontal
200 $413M 21
Project Management >
Suite 586 $314M 23
Enterprise Content Management >
Suite 159 $131M 14
Enterprise Communication >
Unified Communication 103 $310M 12
Enterprise File Synchronization and
Sharing 235 $112M 15
Project Management >
Team and Task Management 411 $110M 14
Enterprise Communication > Conferencing
>
Video Conferencing
126 $231M 9
Knowledge Management
154 $115M 12
Enterprise Social Platforms >
Enterprise Social Networking 231 $119M 10
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Enterprise Communication
Companies providing enterprise communication
software such as messaging, conferencing...
712 286 $4.9B
Enterprise File Synchronization and
Sharing
Companies providing software solutions that enable
employees to securely synchronize...
235 88 $2.3B
Project Management
Companies providing solutions for team management,
task management, end-to-end project...
1244 220 $1.6B
Enterprise Content Management
Companies providing software solutions used by
organizations to manage unstructured contents...
508 146 $1.2B
Companies providing software applications used by
organizations to manage the information...
158 66 $620M
Collaboration Suite
Companies providing integrated software solutions
enabling employees to communicate and...
166 48 $619M
Enterprise Social Platforms
Companies providing social platforms such as social
networking, microblogging, idea management...
367 110 $608M
Enterprise Collaboration > Feed Summary > Summary of Key Markets

List of Notable Companies in Enterprise Collaboration
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Enterprise Collaboration > Feed Summary > Notable Companies in the Sector
Public
Dropbox
(2007, San Francisco, $607M)*
Atlassian
(2002, Sydney, $210M)
Box
(2005, Los Altos, $701M)
Okta
(2009, San Francisco, $230M)
RingCentral
(2003, San Mateo, $55M)
Vocera
(2000, San Jose, $50.6M)
Newgen Software
(1992, Delhi, $27.4M)
iManage
(1998, Chicago)
Upland Software
(2010, Austin, $31.4M)
V-cube
(1998, Torrance)
Public
AltiGen
Communications
(1994, San Jose, $1M)
8x8
(1987, San Jose, $30.6M)
LoopUp
(2003, London)
Imaginatik
(1996, London)
Knosys
(2013, Collingwood)
LogMeIn
(2003, Boston, $30M)
CounterPath
(2002, Vancouver, $13M)
Intellinetics
(1994, Columbus, $6.8M)
Glowpoint
(2000, Murray, $2.8M)
ClearOne
(1983, Salt Lake City)
Public
OpenText
(1991, Waterloo)
Formpipe
(2004, Stockholm)
Wacom
(1983, Tokyo)
Globalscape
(1996, San Antonio)
1mage
(1980, Englewood)
Avaya
(2000, Basking Ridge)
BroadVision
(1993, Redwood City)
Cybozu
(1997, Tokyo)
Cycos
(1984, Alsdorf)
Easy Software
(1990, Mulheim)
Public
Lexmark
(1990, Lexington)
Microsoft Onedrive
(1974, Redmond)
Mlabs
(1992, Petaling Jaya)
Onstream Media
(1993, Pompano Beach)
Tms Software Sdn Bhd
(1996, Petaling Jaya)
Windstream Business
(2006, Little Rock)
Acquired
Lotus Development
Corporation
(1982, New York City)
Tandberg
(1978, Lysaker)
WebEx
(1995, Santa Clara, $25M)
Mitel
(1973, Kanata, $1M)
Polycom
(1990, San Jose)
GoToMeeting
(2004, Santa Barbara)
FileNet
(1982, Costa Mesa)
Yammer
TeamViewer
(2005, Goppingen)
PGi
(1991, Atlanta)

List of Notable Companies in Enterprise Collaboration
Notable Companies in the Sector (2/2)
10
Enterprise Collaboration > Feed Summary > Notable Companies in the Sector
Acquired
Quip
Acano
(2012, London)
Unify
(2008, Munich, $38M)
Diligent
(2001, New York City, $30M)
Diligent Corporation
ShoreTel
(1996, Sunnyvale, $88.3M)
KANA Software
(1996, Dallas)
Thinkfuse
(2010, Seattle, $532k)
Jive Software
(2001, Palo Alto, $57M)
eGroups
Acquired
Trello
(2011, New York City, $10.3M)
Lifesize
(2003, Austin, $98M)
InterCall
(1991, Chicago)
PictureTel Corp.
(1984, Boston)
Jive Communications
(2006, Orem, $32.4M)
Vignette
(1995, Austin, $32.5M)
Perceptive Software
(1995, Lenexa)
Captiva Software
(1986, San Diego)
Hyland
(1991, Westlake)
Telerik
(2002, Sofia)
Acquired
eRoom
(1996, Cambridge, $50.3M)
Day Software
(1994, Basel, $1.9M)
RADVISION
(1992, Fair Lawn)
PlaceWare
(1996, Portland, $45.3M)
Boardvantage
(2000, Menlo Park, $5.5M)
CA Technologies
(1976, New York City)
Brainware
(2006, Ashburn)
Captaris
(1982, Bellevue)
SwapDrive
(1998, Washington D.C., $4.7M)
Voyant Technologies
(1980, Westminster)
Acquired
Changepoint
(1994, Richmond Hill, $5.5M)
Unicorns
Slack
Fuze
(2006, Cambridge, $500M)
Symphony
(2014, Palo Alto, $300M)
Zoom
Cisco
Zoho
(1996, Chennai, $352k)

List of Notable Companies by Market in Enterprise Collaboration
Notable Companies by Market (1/13)
12
Enterprise Collaboration > Feed Summary > Notable Companies by Market
Collaboration Suite
Collaboration Suite
Huddle (2006, London, $89.2M)
Cloud-based Content Collaboration
Soonicorn. Stage: Acquired
Ablrate, Zouk Capital, Matrix Partners and 6 Other
Investors
Upland Software (2010, Austin, $31.4M)
Cloud-based enterprise work management
software
Editor's Pick. Stage: Public
Wells Fargo Capital Finance, CIT Bank, Goldman
Sachs Bank USA and 6 Other Investors
LogMeIn (2003, Boston, $30M)
Cloud based enterprise collaboration and
engagement service
Soonicorn. Stage: Public
Intel Capital, Polaris Partners, 3TS Capital Partners
and 2 Other Investors
Collaboration Suite
Zoho (1996, Chennai, $352k)
Online Business Apps Suite for SMBs
Unicorn. Stage: Seed
Rajendran Dandapani, Shailesh Kumar
Lotus Development Corporation (1982,
New York City)
Messaging & groupware products
Unicorn. Stage: Acquired
Sevin Rosen Funds
BroadVision (1993, Redwood City)
Enterprise communication and collaboration
solutions
Stage: Public
MassVentures, Sutter Hill Ventures, Mayfield
Cybozu (1997, Tokyo)
Enterprise Collaboration Software for SMBs
Stage: Public
Developers
Atlassian (2002, Sydney, $210M)
Collaboration suite for software development
teams
Unicorn. Stage: Public
T. Rowe Price, Accel Partners, Herald Investment
Management

13
Enterprise File Synchronization and Sharing
Box (2005, Los Altos, $701M)
File sharing in the cloud
Coatue Management, TPG, ITOCHU Technology
Ventures and 24 Other Investors
Cloud-based file sharing and synchronization
software
Salesforce, JPMorgan, Bank of America and 35
Other Investors
Hightail (2004, Campbell, $83M)
Securely share files & folders anywhere
Accolade Partners, Alloy Ventures, Sevin Rosen
Funds and 10 Other Investors
CTERA (2008, Petah Tikva, $70M)
Cloud storage enablement and sync
Soonicorn. Stage: Series D
Bessemer Venture Partners, Cisco, Vintage
Investment Partners and 4 Other Investors
Egnyte (2006, Mountain View, $56.3M)
File Sharing for Enterprises
Northgate Capital, CenturyLink, KPCB and 6 Other
Investors
SkyDox (2009, London, $32.4M)
Cloud collaboration and doc sharing
Soonicorn. Stage: Funded
Scottish Equity Partners, Business Growth Fund
WeTransfer (2009, Amsterdam, $25M)
File Transfer Service
Soonicorn. Stage: Series A
Highland Capital Partners, Highland Europe
Varonis (2005, Herzliya, $18.7M)
User behavior analytics and governance based
insider threat detection
EMC, Accel Partners, Evergreen Venture Partners
SwapDrive (1998, Washington D.C., $4.7M)
Enterprise storage and collaboration platform
Stage: Acquired
Core Capital Partners, Contour Venture Partners,
ASAP Ventures
Globalscape (1996, San Antonio)
Secure file sharing for enterprise
Stage: Public
Microsoft Onedrive (1974, Redmond)
Online storage from Microsoft
Stage: Public

14
Suite
SpringCM (2005, Chicago, $113M)
Cloud Enterprise Content and Contract Mangement
Soonicorn. Stage: Series E
Crestline Investors, Foundation Capital, North
Bridge and 9 Other Investors
Vignette (1995, Austin, $32.5M)
Web Content Management
Stage: Acquired
Attractor Ventures, Olympus Partners, Partech and
9 Other Investors
Newgen Software (1992, Delhi, $27.4M)
Provider Contract Management and Document
Management System
Ascent Capital, IDG Ventures India, SAP and 2 Other
Investors
Intellinetics (1994, Columbus, $6.8M)
Electronic document management solutions
Stage: Public
Suite
Day Software (1994, Basel, $1.9M)
Java-based content repositories and enterprise
focused Web Content Management software
Stage: Acquired
Mercator Advisory Group, Nippon Venture Capital
OpenText (1991, Waterloo)
Enterprise Information Management Solutions
Royal Bank of Canada, Tera Capital, Technology
Crossover Ventures and 1 Other Investors
Formpipe (2004, Stockholm)
Enterprise content Management solutions
Stage: Public
Captaris (1982, Bellevue)
Content management solutions
Stage: Acquired
Easy Software (1990, Mulheim)
ECM suite provider
Stage: Public
Suite
FileNet (1982, Costa Mesa)
Enterprise content management
Stage: Acquired
Matrix Partners
Hyland (1991, Westlake)
Stage: Acquired
HarbourVest Partners
Perceptive Software (1995, Lenexa)
Enterprise content management solutions
Stage: Acquired
4490 Ventures, Peninsula Ventures, PeakSpan
Capital

15
Document Management
1mage (1980, Englewood)
Document management software
Stage: Public
iManage (1998, Chicago)
Document management solutions
Stage: Public
New Enterprise Associates, Artiman Ventures
Enterprise Search
Lexmark (1990, Lexington)
Enterprise search software
Stage: Public
Data Digitization
Captricity (2011, Oakland, $49M)
Data from paper as a service for various industries
including Insurance
Soonicorn. Stage: Series C
Social Capital, White Mountains, Accomplice and 2
Other Investors
Parascript (1996, Longmont)
AI-based document capture and recognition
solutions
Wacom (1983, Tokyo)
Provides technology products like stylus, pen
displays and tablets
Stage: Public
Nippon Venture Capital
Brainware (2006, Ashburn)
Data capture and enterprise search solutions
Stage: Acquired
Vista Equity Partners

16
Data Digitization
Captiva Software (1986, San Diego)
Data capture, data process software
Stage: Acquired
Dynamic Signal (2010, San Francisco, $117M)
Enterprise communication and advocacy platform
Adams Street Partners, Akkadian Ventures, Cisco
Investments and 12 Other Investors
Inkling (2009, San Francisco, $86M)
Mobile Platform for Learning Content
Sapphire Ventures, Sequoia Capital, Tenaya Capital
Bloomfire (2010, Austin, $32.8M)
SaaS workplace collaboration tool for sales and
support reps
Soonicorn. Stage: Series B
Austin Ventures, Silver Creek Ventures, Redpoint
Knosys (2013, Collingwood)
Knowledge Management Platform
Minicorn. Stage: Public
KANA Software (1996, Dallas)
Customer Service Software Solutions
Stage: Acquired
DFJ, Mohr Davidow Ventures, Draper Richards and
3 Other Investors
Tms Software Sdn Bhd (1996, Petaling Jaya)
Software development company
Stage: Public
Malaysia Digital Economy Corporation

17
Collaborative Workspaces
Quip (2012, San Francisco, $46M)
Modern word processor
Stage: Acquired
Greylock Partners, Benchmark Capital, Lighter
Capital
Enterprise Social Networking
Yammer (2008, San Francisco, $142M)
Social network for enterprises
Meritech Capital Partners, Charles River Ventures,
Founders Fund and 11 Other Investors
Jive Software (2001, Palo Alto, $57M)
Enterprise collaboration platform
Stage: Acquired
Sequoia China, KPCB, ESW Capital and 4 Other
Investors
Igloo (2008, Kitchener, $56M)
Enterprise social networking (ESN) platform
Frontier Capital, Royal Bank of Canada, Blackberry
eGroups (1998, San Francisco, $42M)
Online groups portal
Stage: Acquired
Comdisco, Sequoia Capital, Nomura and 5 Other
Investors
Idea Management
Imaginatik (1996, London)
Innovation consulting and software company
Stage: Public
Rockspring

18
GoToMeeting (2004, Santa Barbara)
Online meetings and conferencing
BOLDstart Ventures, E.ventures
LoopUp (2003, London)
Audio and web conferencing solution
Adara Ventures, Herald Investment Management
PGi (1991, Atlanta)
Web conferencing and Video Conferencing
solutions
Stage: Acquired
Capital Southwest
Unified Communication
Cross-platform video conference
Summit Partners, Bessemer Venture Partners,
Wellington Management and 12 Other Investors
ShoreTel (1996, Sunnyvale, $88.3M)
IP phone systems and unified communications
solutions
Stage: Acquired
Crosspoint Venture Partners, Lehman Brothers,
Foundation Capital and 8 Other Investors
RingCentral (2003, San Mateo, $55M)
Cloud Based Communications and Contact Center
solutions
RTP Ventures, Sequoia Capital, Khosla Ventures and
11 Other Investors
Fonality (2004, Los Angeles, $39.3M)
VOIP and unified communication solution provider
Intel Capital, DFJ Growth, Azure Capital Partners
Unify (2008, Munich, $38M)
Software based Enterprise Unified
Communications
Stage: Acquired
Hercules Capital, OVP Venture Partners, Battery
Ventures
Jive Communications (2006, Orem, $32.4M)
Unified Communication solutions
Innoventures Capital Partners, BYU Cougar Capital,
Guidepost Growth Equity
8x8 (1987, San Jose, $30.6M)
Cloud based Business Communications Platform
Stage: Public
Herald Investment Management

19
Star2Star (2006, Sarasota, $30M)
Unified communications software suite
NewSpring Capital, PPM America
CounterPath (2002, Vancouver, $13M)
Desktop and mobile VOIP software and solutions
provider
Stage: Public
Wesley Clover, BDC, Covington Capital Corporation
Cisco (1984, San Francisco, $2.5M)
Designs and manufactures Networking Equipment
Sequoia Capital, Think Big Partners, Point Financial
Mitel (1973, Kanata, $1M)
Integrated communication and collaboration
platform
Francisco Partners, August Capital
AltiGen Communications (1994, San Jose,
$1M)
Business communication solutions
Stage: Public
Polycom (1990, San Jose)
Provider of video, audio and content management
solutions
3M, Venrock, Solar Capital and 5 Other Investors
ClearOne (1983, Salt Lake City)
Conferencing solutions
Momentum Telecom (2001, Birmingham)
Cloud-based unified communication solutions
provider
Camp One Ventures
Avaya (2000, Basking Ridge)
Customer & Team Engagement Solutions
Stage: Public
CPP Investment Board, AlpInvest Partners,
Stockwell Capital
Cycos (1984, Alsdorf)
Unified communication solution
Stage: Public
next47
RADVISION (1992, Fair Lawn)
Technologies for unified communications over IP
and 3G networks
Stage: Acquired
Evergreen Venture Partners, next47, Tamar
Ventures
Windstream Business (2006, Little Rock)
Voice and data network communications and
managed services provider
Stage: Public

20
Conferencing
BlueJeans Network (2009, Mountain View,
$175M)
Cloud-based video conferencing service
New Enterprise Associates, Accel Partners, Battery
Vidyo (2005, Hackensack, $169M)
High-definition video conferencing solutions
Soonicorn. Stage: Series F
Kaiser Permanente Ventures, Menlo Ventures, Rho
Capital Partners and 14 Other Investors
Video conferencing with dropbox integration
Unicorn. Stage: Series D
Sequoia Capital, Emergence Capital, AME Cloud
Conferencing
Lifesize (2003, Austin, $98M)
World Leader in HD Video Communications
Stage: Acquired
Meritech Capital Partners, Sutter Hill Ventures,
Redpoint Ventures and 6 Other Investors
ON24 (1998, San Francisco, $61.3M)
Webinar and Webcasting Software Solutions.
Goldman Sachs, Canaan Partners, U.S Venture
Partners and 7 Other Investors
Panopto (2007, Pittsburgh, $46.8M)
Digital media recording and content management
company.
Soonicorn. Stage: Series B
Sterling Partners, Square 1 Bank, Saturn Partners
Conferencing
PlaceWare (1996, Portland, $45.3M)
Web conferencing services
Stage: Acquired
Invesco, Kinetic Ventures, Bank of America and 11
Other Investors
WebEx (1995, Santa Clara, $25M)
On-demand applications for businesses to conduct
web conferencing
New Enterprise Associates, Walden International,
Summit Partners and 1 Other Investors
Glowpoint (2000, Murray, $2.8M)
Telepresence, Videoconferencing Services
Stage: Public
Main Street Capital, Escalate Capital, Main Street
Merchant Partners

21
Conferencing
TeamViewer (2005, Goppingen)
Remote support, remote access, service desk, online
collaboration and meetings
Editor's Pick. Stage: Acquired
Greenspring Associates, SVG Capital, Insight
Venture Partners and 3 Other Investors
Acano (2012, London)
Integrated platform for video, audio and web
collaboration.
Stage: Acquired
InterCall (1991, Chicago)
Web Conferencing, video conferencing, and online
meeting solutions
Stage: Acquired
South Atlantic Venture Funds
Mlabs (1992, Petaling Jaya)
Audio, video and web conferencing solution
Stage: Public
Conferencing
Onstream Media (1993, Pompano Beach)
On-demand internet broadcasting
Stage: Public
Lincoln Park Capital, Sigma Capital Partners
PictureTel Corp. (1984, Boston)
Video conferencing solutions
Stage: Acquired
Accel Partners, Oak Investment Partners
V-cube (1998, Torrance)
Web based video conferencing solutions
Stage: Public
Globis Capital Partners, Intel Capital, Recruit
Strategic Partners and 1 Other Investors
Voyant Technologies (1980, Westminster)
Voice Conferencing and Network Software
Company
Stage: Acquired
ABS Capital, Vesbridge Partners, TA Associates
Management
Visual Conferencing
Conference room telecollaboration system
developer
Greenspring Associates, Industry Ventures,
UTIMCO and 4 Other Investors

22
Messaging and Chat Apps
Real-time messaging, archiving and search for
enterprise teams.
Unicorn. Stage: Series G
SoftBank Group, Accel Partners, Thrive Capital and
21 Other Investors
Open source, secure communication and workflow
platform
Unicorn. Stage: Series D
Barclays, Bpifrance, CLSA and 26 Other Investors
Wickr (2012, San Francisco, $81.8M)
Ephemeral, encryption based secure
communication
Dolby Family Ventures, Riverwood Capital, Knight
Foundation and 7 Other Investors
Messaging and Chat Apps
TigerText (2010, Santa Monica, $81.1M)
Secure Enterprise Texting
Norwest Venture Partners, Invus Group, Accolade
Dialpad (2011, San Francisco, $70M)
Enterprise messaging service
Section 32, Andreessen Horowitz, Amasia and 6
Other Investors
Vocera (2000, San Jose, $50.6M)
Critical mobile communication solutions
Stage: Public
Venrock, GGV Capital, Cisco Investments and 9
Other Investors
Telegram (2013, St. Petersburg)
Open source messaging platform
Draper Dragon
Project Management
Suite
Workfront (2001, Lehi, $95M)
Cloud project management solution
JMI Management, Atlas Peak, Greenspring
Associates and 6 Other Investors
Clarizen (2006, Hod Hasharon, $67M)
Work & Project management software
Goldman Sachs, DAG Ventures, Vintage Investment
Blueprint (2004, Toronto, $53.4M)
Requirements Management Software
Vistara Capital, Centana Growth Partners, Tandem
Expansion Fund and 5 Other Investors
eRoom (1996, Cambridge, $50.3M)
Online project collaboration software
Stage: Acquired
Ford, North Bridge, W Capital Partners and 2 Other
Investors

23
Project Management
Suite
Trello (2011, New York City, $10.3M)
Lists for project management
Stage: Acquired
Index Ventures, Spark Capital, BoxGroup
Telerik (2002, Sofia)
Agile project management software
Stage: Acquired
Team and Task Management
MFA & SSO-based cloud identity and mobility
management and CIAM platform
Greylock Partners, Andreessen Horowitz, Sequoia
Capital and 10 Other Investors
Project Reporting
Thinkfuse (2010, Seattle, $532k)
SaaS provider for Regular Progress Reports
Stage: Acquired
SV Angel, Founders' Co-op, Techstars

24
Meeting Collaboration
Board Meetings
Diligent (2001, New York City, $30M)
Board portal software for board management
Stage: Acquired
Clearlake Capital, Accel Partners, Matrix Partners
Boardvantage (2000, Menlo Park, $5.5M)
Communication platform for boards and leadership
teams
Stage: Acquired
Bay Partners, Foundation Capital
Diligent Corporation (2001, New York City,
$3M)
Board Meeting Management Software
Stage: Acquired

List of Notable Companies in Enterprise Collaboration in China
Notable Companies in the Sector in China
25
Enterprise Collaboration > Feed Summary > Notable Companies in the Sector in China
Public
Suirui
(2006, Beijing)
BizConf Telecom
(2006, Shanghai)
Soonicorns
Jingoal
(2005, Beijing, $78M)
Teambition
(2013, Shanghai, $17.4M)
Gokuai Technology
(2012, Shanghai, $6.4M)

Recent News in Enterprise Collaboration Sector
Recent News
26
Jun 2018
Global Internet of Things (IoT) Security Product Market 2018
Detailed Analysis Research Report by Cisco Systems, Inc,
truthweek.com
Jun 2018
Aussie unicorn Canva is collaborating with Dropbox, and co-founder
Cameron Adams says it’s “not a big deal”, SmartCompany
Jun 2018 FESCO tests use of blockchain in HR services, China Daily
Jun 2018
Cisco’s Plan to Pull In Cloud Provider Data Center Customers,
SDxCentral
Jun 2018
Lucidea Announces Inmagic Presto Release V5.0, with User-
Requested Enhancements and More, Business Wire
Jun 2018
Global Intermediate Line Repeater Market Report 2018 Coriant
(US), Cisco Systems, Inc. (US), Ciena Corporation (US), truthweek.com
Jun 2018
Box, IBM intro new services for building Box Skills with Watson,
ZDNet
Jun 2018
Storage, servers and more: We found 24 cloud services for your
business, ZDNet
Jun 2018
I-ON Communications Announces March Results, Business
Development Updates, and Reaffirms 2018-2019 Business Outlook,
PR Newswire
Jun 2018 Fuze named Best Collaboration Solution, Financial News
Jun 2018 Leeds Beckett with Avaya on new tech lab, Insider Media
Jun 2018
French AdvCom Adopting Storage Made Easy File Fabric,
StorageNewsletter
Key Recent News Key Recent News
Jun 2018
Bentley Systems Acquires Synchro Software to Extend Digital
Workflows for Infrastructure Project Delivery Through 4D
Construction Modeling, Business Wire
Jun 2018
Collaboration Software Platform Samepage Secures Financing from
Reflex Capital, PR Newswire
Jun 2018 Cisco Names 17-Year-Veteran To Top Americas Sales Job, CRN
Jun 2018
Lexmark Wants To 'Future-Proof' Itself With Newest Product
Launch, CRN
Jun 2018
Dropbox Qualified Western Digital SMR 14TB Ultrastar s14 HDD for
Magic Pocket Custom-Built Storage Infrastructure, StorageNewsletter
Jun 2018
Avaya Cloud Solutions Now Available Through Telarus With Avaya
Master Agent Program, Business Wire
Jun 2018
CTERA Introduces Powerful New Enterprise Cloud Storage
Gateways, CloudCow
Jun 2018
Lexmark Introduces New Generation of A4 Color and Large
Workgroup Monochrome Printers and MFPs, PR Newswire
Jun 2018
Cisco releases new developer capabilities across platform, Intelligent
CIO
Jun 2018
Silicon Valley law firm opening Old Street office as it bets on City
tech sector, City A.M.
Jun 2018 Financial Gravity Companies Partners with SmartVault, Citybizlist
Jun 2018 Data sharing startup ipushpull arrives on BT Radianz Cloud, Finextra
Enterprise Collaboration > Feed Summary > Recent News

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
27
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Biotech R&D
May 2018
Telecom Operation &
MaintenanceMay 2018
Software Testing Tools
May 2018

$871M $827M
$918M
$1.9B
$1.1B
$1.3B
$1.3B
$762M
0
20
40
60
80
100
120
140
160
180
200
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
$1.8B
$2.B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in Enterprise Collaboration; 2011-2018
Global Funding Trends (1/2)
29
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Enterprise Collaboration > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 12% # of Rounds6% $ Funding
1% # of Rounds
12% $ Funding

62 77 103 79 90 67 49 22
39
44
51
45
46
58 39
24
11 24 20 27 21 22 16 10
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
112
56
Total # of Rounds
$588M
$471M $484M
$1.5B
$722M
$999M $1B
$606M
0
5
10
15
20
25
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
1.6E+09
1.8E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
30
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Enterprise Collaboration; 2011-2018
Enterprise Collaboration > Investment Trends > Global Funding Trends
129
81
66
83
60
44
24
487
$1.8M $2.9M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$5.0M
0
100
200
300
400
500
600
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
7 12 10 21 15 22 18 10 $1.8M $1.5M $4.4M $1.7M $2.4M $3.8M $4.6M $2.9M
$31M $51M $66M $57M $58M $72M $80M $28M
$597M
$254M
$355M
$433M $418M $472M $375M $287M
$244M $522M $497M
$1.4B
$649M $779M $811M $448M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$871M
$762M
Total $ Invested

Enterprise Collaboration > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Enterprise Collaboration
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 6.3B 478
Cambridge 495M 14
New York City 408M 71
London 339M 33
Austin 227M 34
Chicago 216M 29
Sydney 211M 4
Hackensack 163M 13
Paris 158M 26
Bellevue 155M 18
Total Funding
522
261
47
17
51
38
19
17
# Rounds
$9.9B
$1.1B
$277M
$244M
$150M
$86.4M
$27.2M
$15.5M
US
Europe
Israel
Australia
Canada
India
Latam
SEA
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6 $0.8 $0.8 $0.8 $0.9
$1.6
$2.3
2011 2012 2013 2014 2015 2016 2017
$4.0 $4.7
$5.6
$8.6
$6.2
$5.3 $5.6
$34.0
$8.9 $10.9 $13.7
$20.3
$14.4
$22.8
$22.2 $22.7 $26.2
$54.7
$32.5
$41.0
$54.1
Enterprise Collaboration > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Enterprise Collaboration; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$11.3K* $25M
$50K $68.7M
$600K $250M
$186K $350M
$23M
$10.9M
$4.2M
$500K
Series C+
Series B
Series A
Seed
Stage

Note: 425 companies with undisclosed funding amount are not included
33
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
192
265
129
39
21
No. of Companies
Enterprise Collaboration > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Enterprise Collaboration; as of Jun 2018
Distribution of companies by Funding Range
$63M
$929M
$3.1B
$2.7B
$5.5B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
28%
10%
5%
3%
34
Note: Numbers in the brackets show the count of companies
Time to raise
next round
112
194
371
1058
3750
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
28% 3%
(104)
2%
(77)
6%
(243)
9%
(329)
57%
(2120)
35% 9%
(95)
6%
(68)
16%
(174)
11%
(116)
38%
(397)
52% 15%
(57)
9%
(33)
27%
(100)
5%
(17)
16%
(60)
58% 25%
(48)
13%
(25)
32%
(63)
2%
(4)
8%
(15)
- 36%
(40)
17%
(19)
32%
(36)
- 6%
(7)
Enterprise Collaboration > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Enterprise Collaboration
Funding Funnel
19 Months
22 Months
28 Months
Investment backedBootstrapped
33
16
72
32
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Enterprise Collaboration > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Enterprise Collaboration; Jun 2016-Jun 2018
Notable Investments in last 24 months (1/5)
LATE STAGE
$250M - Series G Sep 2017
enterprise teams.
SoftBank Group, Accel Partners
$150M - Series F May 2018
Summit Partners, Bessemer Venture Partners
$104M - Series E Feb 2017
Wellington Management, Greenspring Associates,
Summit Partners, Bessemer Venture Partners, G20
Ventures
$100M - Series D Jan 2017
Video conferencing with dropbox integration
Sequoia Capital, Emergence Capital, AME Cloud
Ventures, Qualcomm Ventures
LATE STAGE
$75M - Series D Jan 2018
Project Management software
Generation Investment Management, 8VC, Founders
Fund, Y Combinator, Sam Altman, Dustin Moskovitz
$70.5M - PE Mar 2017
Cloud based file management system
Tikehau Capital, Nextstage
$67M - Series D Apr 2018
platform
Barclays, Bpifrance, CLSA
$65M - Series C Oct 2016
Conference room telecollaboration system
developer
Greenspring Associates, Industry Ventures, UTIMCO
LATE STAGE
$63M - Series C May 2017
platform
BNP Paribas, Google, Lakestar, Natixis, Societe
Generale, UBS, Merus Capital, Bank of America,
BlackRock, Deutsche Bank, Goldman Sachs, HSBC
Group, JPMorgan
$55M - PE Sep 2016
Higher Logic (2007, Washington D.C., $55M)
Cloud based social networking platform
JMI Management
$52.1M - Series F May 2017
Smartsheet (2005, Bellevue, $120M)
Online project management
Insight Venture Partners, Madrona Venture Group,
Sutter Hill Ventures, Summit Partners
$47M - Series C Jan 2018
Enterprise social networking (ESN) platform
Frontier Capital

LATE STAGE
Parsable (2013, San Francisco, $70M)
Collaboration app for industrial teams
Future Fund, Lightspeed Venture Partners, Airbus
Ventures, Saudi Aramco, B37 Ventures
StarLeaf (2008, Rickmansworth, $40M)
cloud based HD video calling and conferencing
solutions
Highland Europe, Grafton Capital
$39M - Series D Nov 2016
Mavenlink (2008, Irvine, $84M)
SaaS tools for Online Project Management
Goldman Sachs
LATE STAGE
$36.5M - Series E Feb 2018
Adams Street Partners, Akkadian Ventures, Cisco
Investments, Focus Opportunity Fund, Founders
Circle Capital, Microsoft Ventures, Time Warner,
Rembrandt Venture Partners, Trinity Ventures,
Venrock
$32M - Series C Feb 2018
Highfive (2012, Palo Alto, $77.4M)
Video Conferencing Solutions
Dimension Data, Lightspeed Venture Partners,
General Catalyst Partners, Andreessen Horowitz
$30M - Series E May 2017
$25M - Series E Feb 2017
Crestline Investors
LATE STAGE
$25M - Series D Dec 2016
Akkadian Ventures, Microsoft Ventures, Focus
Ventures, Trinity Ventures, Venrock, Rembrandt
Venture Partners, Time Warner
$25M - Series D Dec 2016
Inkling (2009, San Francisco, $86M)
Mobile Platform for Learning Content
Sapphire Ventures, Sequoia Capital, Tenaya Capital
$25M - Series D Sep 2016
CTERA (2008, Petah Tikva, $70M)
Cloud storage enablement and sync
Bessemer Venture Partners, Cisco, Vintage
Investment Partners
$24.8M - Series C Oct 2017
Open-Xchange (2005, Nuremberg, $67.8M)
Software for SaaS Provider
Iris Capital, eCapital

LATE STAGE
$17.5M - Series D Jun 2016
Foundation Capital, North Bridge, Bluestem Capital,
Square 1 Bank, Panorama Point Partners,
Wellington Financial
$17M - Series C Sep 2017
Dialpad (2011, San Francisco, $70M)
Enterprise messaging service
Section 32, Andreessen Horowitz, Amasia, Felicis
Ventures, GV
$9.4M - Series F Sep 2017
Vidyo (2005, Hackensack, $169M)
High-definition video conferencing solutions
$8.8M - Series C Jul 2017
Ephemeral, encryption based secure communication
Series D May 2018
Huddle (2006, London, $89.2M)
Cloud-based Content Collaboration
Ablrate
LATE STAGE
Series C Nov 2017
Vistara Capital
EARLY STAGE
$66M - Series B Jan 2018
App to manage shared email addresses
Sequoia Capital, DFJ
$60M - Series B Oct 2017
Coda (2014, San Francisco, $60M)
Document and spread sheet management software
Greylock Partners, Khosla Ventures, General Catalyst
Partners, New Enterprise Associates, KPCB
$52M - Series B Mar 2018
Airtable (2013, San Francisco, $62.6M)
Mobile app that aims to be alternative to
spreadsheets
Caffeinated Capital, Charles River Ventures,
Freestyle Capital, Slow Ventures
$50M - Series B Jul 2017
Receipt Bank (2011, London, $65M)
Invoice data extraction software.
Insight Venture Partners

EARLY STAGE
$42.8M - Series B Aug 2016
Panopto (2007, Pittsburgh, $46.8M)
Digital media recording and content management
company.
Sterling Partners, Square 1 Bank, Saturn Partners
$40M - Series B May 2018
Unison (2011, New York City, $40M)
Team Collaboration Platform
$36M - Series B Sep 2016
Lucid Software (2009, Salt Lake City, $42M)
Visual Communication Software
Spectrum Equity, Kickstart Seed Fund, Grayhawk
Capital
$31M - Series B Jul 2016
Quip (2012, San Francisco, $46M)
Modern word processor
Greylock Partners, Benchmark Capital
EARLY STAGE
$25M - Series B Dec 2017
Ripcord (2015, Hayward, $74.5M)
Records digitization and management service
GV, Telstra Global, Icon Ventures, KPCB, Lux Capital,
Silicon Valley Bank
$25M - Series B Aug 2017
Records digitization and management service
Icon Ventures, KPCB, Lux Capital, Silicon Valley Bank
$25M - Series B Apr 2017
Dapulse (2012, Tel Aviv, $34.1M)
Collaboration tool for enterprise
Entree Capital, Genesis Partners, Insight Venture
Partners
$25M - Series B Apr 2017
monday.com (2012, Tel Aviv, $34.1M)
Project and team management software
Insight Venture Partners, Genesis Partners, Entree
Capital
EARLY STAGE
$20M - Series B Sep 2016
Nuxeo (2000, Paris, $39.9M)
Open Source Content Management Platform
Goldman Sachs
$10M - Series B Aug 2017
x.ai (2014, New York City, $50.5M)
AI based assistant which schedules meetings
Fenox Venture Capital, DCM Ventures
$9.3M - Series A Dec 2017
Workboard (2014, Mountain View, $12.1M)
Goal based collaboration for teams
Microsoft Ventures, Floodgate Fund
$8M - Series A Mar 2017
Beekeeper (2012, Zurich, $13M)
Mobile first team communication platform
Keen Venture Partners, Fyrfly Venture Partners,
Polytech Ecosystem Ventures, Btov, Swisscom

EARLY STAGE
AI based assistant which schedules meetings
$3.4M - Series B Sep 2017
Oneteam (2015, Tokyo, $5.6M)
Collaboration platform
Nissay Capital, Daiwa Corporate Investment,
Iwahagin Business Creation Capital, Fringe81,
Fukuoka Financial Group Inc (4FK)
$3.3M - Series B Oct 2016
$2M - Series A Aug 2017
Eko Communications (2012, Bangkok, $8.7M)
Mobile Enterprise Communication
ITOCHU, Gobi Partners
$1.2M - Series A Aug 2016
Bolste (2015, Phoenix, $6.2M)
Collaboration software for SMBs
EARLY STAGE
Series A Dec 2017
Stitch (2015, Mountain View, $120k)
Healthcare team communication platform
Benchmark Capital, Bill Gurley, Y Combinator
SEED STAGE
$25M - Angel Mar 2017
Flock (2005, Menlo Park, $54.6M)
Social media aggregating browser
Bhavin Turakhia
$25M - Angel Mar 2017
Flock (2014, Mumbai, $45M)
Chatting app for professional environments
$20M - Angel Dec 2016
$2.2M - Seed Nov 2017
Give and Take (2017, Ann Arbor, $2.2M)
Employee Communication Platform for Corporates
RPM Ventures, Grand Ventures, Invest Michigan

Enterprise Collaboration > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$75M - Series C Nov 2017
Maimai (2013, Beijing, $100M)
Enterprise communication tool
DCM Ventures, Morningside Ventures, Zhaopin, IDG
Capital
EARLY STAGE
Series B Aug 2016
Teambition (2013, Shanghai, $17.4M)
Team collaboration platform
Tencent

Most Active Investors (VC, PE) by Stage in Enterprise Collaboration; Last 5 years (Jun 2013-Jun 2018)
Most Active VC & PE Investors
41
Enterprise Collaboration > Investment Trends > Most Active VC & PE Investors
SEED STAGE
True Ventures (4 Investments)
Screenhero, Cloverpop, Howdy
1
Right Side Capital Management(4
Investments)
Unito, Zube, Fireflies AI
2
High-Tech Grunderfonds(3 Investments)
Filestage, Smoope, Cloudplan
3
Wavemaker Partners (3 Investments)
Eko Communications, Pie, Stacck
4
SV Angel (2 Investments)
Koan, Parabol
5
Andreessen Horowitz (2 Investments)
Swiftype, Screenhero
6
GV (2 Investments)
Teem, Loom
7
New Enterprise Associates(2 Investments)
Swiftype, Do
8
CrunchFund (2 Investments)
Swiftype, Pingpad
9
Atlas Venture(2 Investments)
Sqwiggle, SaltDNA
10
EARLY STAGE
GV (4 Investments)
Highfive, Parsable, Ripcord
1
Insight Venture Partners (4 Investments)
Receipt Bank, LeanKit, Dapulse
2
BoxGroup (4 Investments)
Airtable, Trello, Clubhouse
3
Intel Capital (3 Investments)
Webinar, Avaamo, Fileforce
4
Trinity Ventures(3 Investments)
Jama Software, Pipefy, Mobilize
5
Greylock Partners (3 Investments)
Quip, Coda, PoPin
6
New Enterprise Associates(3 Investments)
Coda, SiteTraker, Slab
7
KPCB(3 Investments)
Parsable, Ripcord, Coda
8
Sequoia Capital (2 Investments)
Front, Wunderlist
9
Andreessen Horowitz (2 Investments)
Highfive, Parsable
10
LATE STAGE
Bessemer Venture Partners (2
Investments)
CTERA, Fuze
1
Summit Partners(2 Investments)
Smartsheet, Fuze
2
Greenspring Associates (2 Investments)
Oblong, Fuze
3
SoftBank Group (2 Investments)
Slack, Dialpad
4
DST Global (2 Investments)
Slack, Box
5
Glynn Capital(2 Investments)
Okta, BlueJeans Network
6
Sequoia Capital
Zoom
7
Emergence Capital
Zoom
8
KPCB
Slack
9
Social Capital
Slack
10

Enterprise Collaboration > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Enterprise Collaboration; Last 5 years (Jun 2013-Jun 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Y Combinator(15 Investments)
Asana, Front, Weave
1
500 Startups(13 Investments)
Eko Communications, Pipefy, Voxeet
2
Techstars(10 Investments)
Clausematch, Infinit, MainframeApp
3
FasterCapital(8 Investments)
Chiwao, Pibox, Meody
4
Alchemist Accelerator(5 Investments)
Freedcamp, Assemblage, Peer.im
5
NDRC(4 Investments)
CloudDock, Stride, TaskBlast
6
Plug and Play Tech Center(4 Investments)
Dropbox, CapLinked, Boardwalktech
7
Startup Sauna(4 Investments)
Yodiz, Forecast, Magioapp
8
Dreamit(3 Investments)
Trippin' in, CollaborateCloud, Cnverg
9
NFX(3 Investments)
Zula App, Candex, Crowdcast
10
OTHER NOTABLE INVESTORS
Wayra(9 Investments)
IOCOM, CloudDock, Usetime
1
Kima Ventures(7 Investments)
Front, Voxeet, MainframeApp
2
Goldman Sachs(6 Investments)
ON24, Mavenlink, Clarizen
3
Accomplice(5 Investments)
Captricity, docTrackr, Sqwiggle
4
FundersClub(4 Investments)
Slack, Weave, Pipefy
5
Internet Initiatives Development
Fund(4 Investments)
SyncCloud, Actor Messenger, Vinteo
6
Keiretsu Forum (4 Investments)
Onehub, Qmarkets, AnyMeeting
7
Salesforce(4 Investments)
Dropbox, Guru, Do
8
Slack(4 Investments)
Guru, Parabol, Aptly
9
Altpoint Capital(3 Investments)
Redbooth, Enwoven, Brief Messenger
10
DEBT INVESTORS
Western Technology Investment(13
Investments)
Vidyo, Splashtop, Flock
1
Lighter Capital(8 Investments)
Box, Quip, Jive Software
2
Hercules Capital(7 Investments)
Wrike, SugarSync, Fuze
3
Silicon Valley Bank(4 Investments)
Mavenlink, Ripcord, Handle
4
Escalate Capital(3 Investments)
Lifesize, eFolder, Glowpoint
5
Leader Ventures(3 Investments)
Vidyo, Vocera, TIS Americas
6
Wellington Financial(3 Investments)
SpringCM, TigerText, Mindjet
7
BlackRock(2 Investments)
Dropbox, Symphony
8
Connecticut Innovations(2 Investments)
Shelf, Post-n-Track Corporation
9
Idinvest Partners(2 Investments)
LumApps, Sightcall
10

Enterprise Collaboration > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/7)

Enterprise Collaboration > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
51
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Aviation Software
May 2018
Facility Management Tech
May 2018
Product Management Tools
May 2018

FACTSHEET
Marketmap: Enterprise Collaboration
SUITE
Enterprise Collaboration > Market Details > BlueBox
53

Key Sub Sectors (1/2)
54
Key Sub Sectors in Enterprise Collaboration
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies providing enterprise communication software such as messaging, conferencing
and chat apps, enabling employees to communicate with the team members
Fuze (2006, Cambridge, Acquired)
712 286 $4.9B
Companies providing software solutions that enable employees to securely synchronize and
share documents, photos, videos and files from multiple devices with the team members
Box (2005, Los Altos, Public)
235 88 $2.3B
Project Management
Companies providing solutions for team management, task management, end-to-end project
lifecycle management (initiation, planning, execution, monitoring and control and closure)
Okta (2009, San Francisco, Public)
1244 220 $1.6B
Companies providing software solutions used by organizations to manage unstructured
contents such as scanned documents, reports, medical images, email and office documents
and deliver relevant content to employees
Livescribe (2007, Oakland, Acquired)
508 146 $1.2B
Companies providing software applications used by organizations to manage the information
assets, including the tacit, uncaptured knowledge of people, and provide access to employees
Bowstreet (1991, Tewksbury, Acquired)
Dynamic Signal (2010, San Francisco,
$117M)
158 66 $620M
Collaboration Suite
Companies providing integrated software solutions enabling employees to communicate and
collaborate to complete tasks within an enterprise
Atlassian (2002, Sydney, Public)
Parsable (2013, San Francisco, $70M)
166 48 $619M
Companies providing social platforms such as social networking, microblogging, idea
management tools that enable employees to collaborate and communicate with team
members
Yammer (2008, San Francisco, Acquired)
367 110 $608M
Enterprise Collaboration > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
55
Key Sub Sectors in Enterprise Collaboration
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Meeting Collaboration
Companies providing software that is used by businesses to conduct daily standups, schedule
a meeting, recording meeting notes, and sharing meeting notes with team members
Diligent (2001, New York City, Acquired)
210 48 $231M
Companies providing software applications that enable employees to co-work on a document
in an organization
Quip (2012, San Francisco, Acquired)
Mindjet (1991, San Francisco, $33.2M)
149 46 $168M
Enterprise Collaboration > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/5)
56
Enterprise Collaboration > Market Details > Detailed Sector Taxonomy

57

58

59

60

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+1)
Enterprise Communication > Messaging and Chat Apps > Horizontal
Companies providing industry agnostic messaging and chat applications
(Companies covered 200 | Funded 85 | Total Funding $1.4B)
$413M
(-$476M)
21
(-92)
Slack
2
(+1)
Project Management > Suite
Companies providing software offering end-to-end project lifecycle management solution such as team
& task management, project planning, tracking, and reporting
$314M
(-$469M)
23
(-123)
Asana
3
(+5)
Enterprise Content Management > Suite
Companies providing integrated software suite enabling organizations to manage structured and
unstructured content
(Companies covered 159 | Funded 51 | Total Funding $484M)
$131M
(-$205M)
14
(-35)
SpringCM
(2005, Chicago, $113M)
4
(+3)
Enterprise Communication > Unified Communication
Companies providing integrated enterprise communication software to communicate with the team
members in an organization
$310M
(-$336M)
12
(-48)
Fuze
(2006, Cambridge, Acquired)
5
(-4)
Companies providing software solutions that enable employees to securely synchronize and share
documents, photos, videos and files from multiple devices with the team members
$112M
(-$2B)
15
(-152)
Oodrive
(2000, Paris, $81.5M)
6
(+5)
Project Management > Team and Task Management
Companies providing team and task management software
$110M
(+$38.9M)
14
(-52)
Unison
7
(-3)
Enterprise Communication > Conferencing > Video Conferencing
Companies providing software solutions for organizations for holding live conferences between remote
teams by using computer networks to transmit audio, video, and text data
$231M
(-$462M)
9
(-74)
Zoom
61
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Enterprise Collaboration in last 2 years (June 2016 - May 2018)
Enterprise Collaboration > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Enterprise Collaboration > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Enterprise Communication > Messaging and Chat Apps > Horizontal
Companies providing industry agnostic messaging and chat applications
(Companies created 200 | Funded 85 | Total Funding $1.4B )
2
Avaamo (2014, Los Altos, $23.5M)
2
Project Management > Suite
Companies providing software offering end-to-end project lifecycle management solution such as team &
task management, project planning, tracking, and reporting
(Companies created 586 | Funded 118 | Total Funding $1.1B )
2
SiteTraker (2013, Montclair, $11M)
Clubhouse (2014, New York City, $15.8M)
3
Enterprise Content Management > Document Management
Companies providing software applications to organizations to store, manage and track electronic
documents and electronic images of paper-based information
(Companies created 200 | Funded 47 | Total Funding $232M )
1 Coda (2014, San Francisco, $60M)
4
Project Management > Team and Task Management
Companies providing team and task management software
1 Pipefy (2014, Curitiba, $21.9M)
5
Enterprise Content Management > Suite
Companies providing integrated software suite enabling organizations to manage structured and
unstructured content
1 Ripcord (2015, Hayward, $74.5M)
6
Enterprise Content Management > Records Management
Companies providing software solutions to organizations for managing records throughout the records life
cycle along with the business transactions associated with them
(Companies created 24 | Funded 6 | Total Funding $18.2M )
1 Clausematch (2012, Arundel, $6.8M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
63
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (June 2016 - May 2018)
Enterprise Collaboration > Market Details > Top Markets of Early Stage Investors

Top Markets of Early Stage Investors (2/2)
Enterprise Collaboration > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Enterprise Communication > Messaging and Chat Apps
Companies providing messaging and chat applications for business communication
which can be horizontal (can be used across the industry) or vertical (useful only in a
particul…
(Companies covered 38 | Funded 12 | Total Funding $65.5M)
12 $30.8M
(+$30.8M)
2
(+2)
Flock
(2005, Menlo Park,
Acquired)
65
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in Enterprise Collaboration in last 2 years (June 2016 - May 2018)
Enterprise Collaboration > Market Details > Other Notable Markets

Incubators Techstars (#3), Y Combinator (#2)
Seed Wavemaker Partners (#2), Uncork Capital (#1)
Series A/B Andreessen Horowitz (#1), Sequoia Capital (#1)
Series C+ Social Capital (#1), SoftBank Group (#1)
Biba Jun - 2015
Acq by Amazon
Adomo Jul - 2009
Acq by Avaya for $11M
$14.2M - Series A
$3.5M - Seed
Candex (2010, New York City, $3.5M)
$2M - Seed
$381k - Seed
Appiyo (2014, Singapore, $381k)
Angel
Awaaz.De (2010, Ahmedabad)
$5.2M - Series A
Toss Lab (2014, Seoul, $12M)
$66M - Series B
Seed
Chiwao (2011, Woodcliff Lake, $2.1M)
$1.2M - Seed
Criptext (2013, New York City, $1.9M)
$3.4M - Series B
$250M - Series G
Apr 2014
Slack, Stewart Butterfield’s Collaboration Software Startup,
Has Raised $42.75M, TechCrunch
Oct 2017
ArmorText Names Dr. Harry G. Broadman to Its Advisory
Board, PRWeb
Aug 2017
Mobile marketing provider 3Cinteractive makes another
acquisition, Mobile Payments Today
Dec 2017
Collaboration trends 2018: Expect Microsoft Teams to gain
ground, enterprises to embrace group chat, Techworld
Oct 2017
Slack launches interactive screen sharing, will sunset
Screenhero app, ZDNet
Oct 2017
Russia Fines Cryptocurrency World's Preferred Messaging
App, Telegram, Forbes
Sep 2017
Slack launches new features for inter-company
collaboration, Reuters
Sep 2017 Threema app adds encrypted voice calls, Telecompaper
Jul 2016
Slack’s first big round of startup investments shows that it
wants to do more than kill email, Recode
Jun 2015 Fleep secured 800,000€ in further seed funding, Fleep
Sep 2017 Slack releases a new attack on email, Mashable
Jan 2016
Japan's Oneteam bags $1.7m series A investment to take on
existing chat apps, Deal Street Asia
Sep 2017
VCs invest $3.4m in Japan's Oneteam, Asian Venture Capital
Journal
Dec 2017
Mavenlink Announces New Integration with Slack, PR
Newswire
News
0
5
10
15
20
25
$0k
$50M
$100M
$150M
$200M
$250M
$300M
$350M
2014 2015 2016 2017 2018
YoY Funding Rounds
2
4
31
85
200
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Communication > Messaging and Chat Apps > Horizontal: Market Factsheet
66
Exits
Recent Investments
YoY Funding and Rounds
Companies providing industry
agnostic messaging and chat
applications
Slack
Wickr
Front
Hoccer
(2009, Berlin, $68.7M)
Flock
(2014, Mumbai, $45M)
Top Companies
#1 Top Markets of Investment Activity
Enterprise Collaboration > Market Details > Market: Horizontal
Companies Created 200 | Funded 85 | Total Funding $1.4B
Market: Horizontal

Enterprise Communication > Messaging and Chat Apps > Horizontal: Top Companies
Market: Horizontal (1/2)
Analyst’s Pick
enterprise teams.
Unicorn. Stage: Series G
SoftBank Group, Accel Partners, Thrive Capital and
21 Other Investors
Ephemeral, encryption based secure
communication
Dolby Family Ventures, Riverwood Capital, Knight
Foundation and 7 Other Investors
Minicorn. Stage: Seed
Mobile-first enterprise secure messaging
Editor's Pick. Stage: Series A
Intel Capital, Ericsson, Mahindra Partners and 11
Other Investors
Analyst’s Pick
Beekeeper (2012, Zurich, $13M)
Mobile first team communication platform
Minicorn. Stage: Series A
Keen Venture Partners, Fyrfly Venture Partners,
Polytech Ecosystem Ventures and 3 Other Investors
Eko Communications (2012, Bangkok, $8.7M)
Mobile Enterprise Communication
Minicorn. Stage: Series A
ITOCHU, Gobi Partners, 500 Startups and 3 Other
Investors
Hall (2011, Mountain View, $6.1M)
Real-time cross platform workspace
communication
PivotNorth Capital, Felicis Ventures, Signia Venture
Collaboration platform
Minicorn. Stage: Series B
Nissay Capital, Daiwa Corporate Investment,
Iwahagin Business Creation Capital and 3 Other
Investors
Analyst’s Pick
HighSide (2015, New York City, $81.6k)
Security focused chat & file sharing tool for
handling sensitive or regulated data
Editor's Pick. Stage: Seed
CyLon, Entrepreneurs Roundtable Accelerator
Telegram (2013, St. Petersburg)
Open source messaging platform
Draper Dragon
AZStack (2015, Singapore)
Enterprise messaging platform with peer-to-peer
call option
Expara, Captii Ventures
Hibox (2015, Buenos Aires)
Team messaging app with task management, file
sharing and video conferencing
Wayra

Enterprise Communication > Messaging and Chat Apps > Horizontal: Top Companies
Market: Horizontal (2/2)
Analyst’s Pick
Meody (2010, Amman)
Enterprise messaging and collaboration solution
Editor's Pick. Stage: Funded
FasterCapital
TeamToq (2014, Palo Alto)
Enterprise collaboration tool
Editor's Pick. Stage: Unfunded

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
69
Enterprise Communication > Messaging and Chat Apps > Horizontal: Leaderboard
Better than Market Average
Market: Horizontal
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Slack 2009
San
Francisco
Series G $841M - 5 - - 282 246 346k 7.6M 55.1k 1k 15% 3.1k 6% 17k 5%
5.0 Beekeeper 2012 Zurich Series A $13M - 4 - - 7 350k 2.8k 81k 427 -117k -25% 76 26% 84 3%
4.9 Fleep 2012 Tallinn Seed $2.1M - 5 - - 4 228k 5.3k 30k 365 -38k -15% 15 5% 71 1%
4.9 Telegram 2013
St.
Petersburg
Funded - - 4 - - 58 308 465k
310.4
M
3172k 1k 7%
405.6
k
15%
106.9
k
30%
4.9
Eko
Communicatio
ns
2012 Bangkok Series A $8.7M - 4 - - 1 626k 137 87k 601 -1.1M -63% 119 32% 22 19%
4.8 Front 2013
San
Francisco
Series B $79.2M - 4 - - 4 38k 4.8k 30k 103 3k 6% 17 22% 838 21%
4.8 Avaamo 2014 Los Altos Series A $23.5M - 4 - - 1 1.1M 3.9k 300k 1.2k 312k 43% 5 - -61 -2%
4.8 HipChat 2009
San
Francisco
Acquired $100k - 4 - - 8 14k 24k 825k 7.7k 5k 53% 95 1% 457 2%
4.8 Hoccer 2009 Berlin Series A $68.7M - 4 - - - 4.7M 409 3M 9.6k 994k 22% 53 1% 14 4%
4.7 SaltDNA 2013 Belfast Seed $3M - 5 - - 1 6.6M 1.6k 4k 32 2M 25% 2 7% 219 16%
4.7 Toss Lab 2014 Seoul Series A $12M - 4 - - 4 89k 82 300k 1.2k 1k 1% 69 7% 4 5%
4.7 Wickr 2012
San
Francisco
Series C $81.8M - 4 - - 2 232k 92k 3.2M 18.6k -3k -1% 1.2k 9% -4830 -5%
4.6 Flock 2014 Mumbai Seed $45M - 5 4 4 3 503k 7.6k - 10 130k 34% - - 4.7k 167%
4.6 Threema 2012 Zurich Unfunded - - 5 - - 1 73k 11k 7.1M 77.6k -36k -35% 2.5k 4% 463 4%

Incubators Y Combinator (#6), Start-Up Chile (#2)
Seed SV Angel (#1), Genesis Partners (#1)
Series A/B BoxGroup (#3), Madrona Venture Group (#2)
Series C+ Insight Venture Partners (#1), Goldman Sachs (#2)
Trello Jan - 2017
Acq by Atlassian for $425M
Innotas Aug - 2016
Acq by Planview
Telerik Oct - 2014
Acq by Progress for $262M
Daptiv Aug - 2014
Acq by Changepoint
Achievo Aug - 2012
Acq by Beyondsoft
$5M - Series A
Targetprocess (2004, Amherst, $5M)
$52M - Series B
$75M - Series D
$3.7M - Series A
InMotionNow (1999, Morrisville,
$4.9M)
$10M - Series A
Clubhouse (2014, New York City,
$15.8M)
Series A
Price&Cost (2013, London)
Series C
Apr 2009 PBwiki Drops The Wiki, Becomes PBworks, TechCrunch
Jul 2012
Asana raises $28M to make the world a more collaborative
place, VentureBeat
Nov 2017
dapulse Becomes monday.com to Reflect their Vision to
Solve Work Challenges for All Teams, Medianet
Oct 2017
TEMPO zet formeel proces in gang voor aanzienlijke
investering, Business Wire
Nov 2017 Favro Releases New Agile Capacity Planning Feature , PRWeb
Nov 2017
Mavenlink Named One of North America's Fastest Growing
Technology Companies on Deloitte's 2017 Technology Fast
500™, PR Newswire
Jul 2017 Bond Group Renews Partnership With Workfront, Newswire
Sep 2017 Atlassian announces Trello-Bitbucket Integration, SD Times
Aug 2017
Clarizen Workbot for Slack Increases Productivity and Drives
Business Agility, RealWire
Dec 2017
Creative Works EMEA featuring Mother, Adam&Eve/DDB,
M&C Saatchi and more, The Drum
Dec 2017
Brightwork set to open new recruitment office in Elgin, SBNN
- Business news
Jun 2017
Bay Area News Group Names Wrike a Winner of the Bay
Area 2017 Top Workplaces Award for 3rd Straight Year,
Sector Publishing Intelligence
Mar 2015
Jama Software Raises $20M to Meet Demand for System of
Innovation, Jama Software
Jul 2017 NEA leads Series A round for SiteTraker, PE Hub
Sep 2017 Trello now wants to live on your desktop, Tech Wire Asia
News
0
5
10
15
20
25
$0k
$50M
$100M
$150M
$200M
2014 2015 2016 2017 2018
YoY Funding Rounds
6
12
36
118
586
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Project Management > Suite: Market Factsheet
70
Exits
Recent Investments
Companies providing software
offering end-to-end project
lifecycle management solution
such as team ....
Asana
Smartsheet
(2005, Bellevue, $120M)
Workfront
(2001, Lehi, $95M)
Mavenlink
(2008, Irvine, $84M)
Clarizen
(2006, Hod Hasharon, $67M)
Top Companies
Enterprise Collaboration > Market Details > Market: Suite
Market: Suite

Project Management > Suite: Top Companies
Market: Suite (1/3)
Analyst’s Pick
Workfront (2001, Lehi, $95M)
Cloud project management solution
JMI Management, Atlas Peak, Greenspring
Associates and 6 Other Investors
Clarizen (2006, Hod Hasharon, $67M)
Work & Project management software
Goldman Sachs, DAG Ventures, Vintage Investment
Mobile app that aims to be alternative to
spreadsheets
Editor's Pick. Stage: Series B
Caffeinated Capital, Charles River Ventures,
Freestyle Capital and 16 Other Investors
Vistara Capital, Centana Growth Partners, Tandem
Expansion Fund and 5 Other Investors
Analyst’s Pick
Dapulse (2012, Tel Aviv, $34.1M)
Collaboration tool for enterprise
Entree Capital, Genesis Partners, Insight Venture
Partners
Jama Software (2007, Portland, $33.4M)
Enterprise collaboration platform for product
requirement and delivery management.
Minicorn. Stage: Series C
Trinity Ventures, Madrona Venture Group, Oregon
Angel Fund, Updata
VersionOne (2002, Alpharetta, $26.5M)
Agile Project Management Software
LLR Partners, OpenView
Wrike (2006, Mountain View, $26M)
Project management software
Scale Venture Partners, DCM Ventures, Bain Capital
Analyst’s Pick
Clubhouse (2014, New York City, $15.8M)
Online Project Management Software
Battery Ventures, Resolute Ventures, Lerer Hippeau
Liquid Planner (2007, Seattle, $13.2M)
Online project management software
TVC Capital, Alliance of Angels, SaaS Capital, Atlas
Accelerator
Targetprocess (2004, Amherst, $5M)
EBRD, Zubr Capital, EBRD Venture Capital
Investment Programme
Zapty (2015, Bangalore, $500k)
Project management and collaboration suite for
businesses
Ideaspring Capital

Market: Suite (2/3)
Analyst’s Pick
WeTrack (2013, London)
Cloud-based project management software
Minicorn. Stage: Funded
Downing Ventures
Wooqer (2014, Bangalore)
Enterprise collaboration, sales automation and
operations software
Minicorn. Stage: Funded
IndusAge Partners
24SevenOfficeSupport (1997, Oslo)
Project management solution
689Cloud (2017, Hanoi)
Project collaboration and file sharing platform
Vietnam Silicon Valley
Ayoga (2016, Bangalore)
Cloud-based collaboration platform for project
management
Analyst’s Pick
Cage (2011, Oklahoma City)
Collaboration for video creatives projects
Conarc (1996, Atlanta)
Document and workflow management solutions
ESW Capital
Crikeyes (2015, Thiruvananthapuram)
Internal communication tool for enterprises
CubEgg (2014, Kyiv)
Enterprise collaboration and project management
software
EightSpokes (2012, Boston)
Cloud based project management for life sciences
LaunchCapital, 20/20 HealthCare Partners
elapseit (2017, Timisoara)
Project management softaware
Analyst’s Pick
Envested (2015, New York City)
Workplace engagement tool
Newark Venture Partners, Precursor Ventures
Hamster Software (Melbourne)
Project management and tracking software
Leadership Automation Tools (2014, Espoo)
Cloud-based strategy execution software
Takeoff Partners
OneDesk (2008, Montreal)
Web based Product and Project Management
Software
Onkho (2015, London)
Project and content management for accountants
Startup Funding Club

Market: Suite (3/3)
Analyst’s Pick
OnTheSamePage (2015, Wellington)
Project management software integrated with
intelligence engine
Project Insight (2001, Irvine)
Project management SaaS
Sinnaps (2013, Zaragoza)
Cloud-based Project management and collaboration
software
Task Aviator (2017, Noida)
ViaCP (2004, Las Vegas)
Web-based software that utilizes information
architecture in project, task, and file management.
Woises (2015, Bangalore)
Project Management Paltform
Analyst’s Pick
WorkMarshal (2017, Mumbai)
Task assignment and project management software
WorkPack (2014, Mumbai)
Cloud based collaborative document sharing and
management
zipBoard (2014, Delhi)
Collaborative SaaS tool for project review during
production cycle
Zube (2015, San Francisco)
Project management for GitHub issues
Right Side Capital Management

74
Project Management > Suite: Leaderboard
Market: Suite
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Trello 2011
New York
City
Acquired $10.3M - 5 - - 37 270 161k 7.6M 76.7k 1k 15% 5k 7% 6.3k 4%
5.0 Asana 2009
San
Francisco
Series D $168M - 5 - - 15 724 118k 3M 27.6k 1k 23% 2.3k 12% 1.7k 1%
5.0 Basecamp 1999 Chicago Series B $56M - 5 - - 8 2k 124k 600k 11.4k 1k 34% 393 7% 1k 1%
5.0 Wrike 2006
Mountain
View
Series B $26M - 4 - - 6 6k 11k 303k 5.8k 1k 12% 354 7% 784 7%
5.0 BulldozAIR 2012 Paris Seed - - 4 4 4 1 2.9M 1.9k 30k 84 586k 25% 4 6% 58 3%
5.0 Smartsheet 2005 Bellevue Series F $120M - 4 - - 8 3k 11k 303k 3.6k -1k -6% 850 37% 462 4%
4.9 Airtable 2013
San
Francisco
Series B $62.6M - 4 - - - 6k 10k 300k 995 -3k -36% 145 37% 3.6k 48%
4.9 WorkApps 2015 Pune Seed $1M 5 5 - - 3 8.8M 264 7k 74 4M 55% 6 9% 174 190%
4.9
ProjectManage
r.com
2008 Auckland Series A $3.5M - 4 - - - 47k 36k 113k 989 -30k -39% 17 3% 2.4k 7%
4.9 Redbooth 2009 Palo Alto Series B $17.9M - 4 - 1 3 43k 11k 79k 1.8k 14k 48% 147 11% -101 -1%
4.9 Noysi 2015 Madrid Unfunded - - 4 4 4 - 745k 6.6k 8k 82 210k 36% 4 5% 87 1%
4.9 DropTask 2011 Penarth Unfunded - - 4 - 4 - 147k 3.5k 30k 628 32k 26% 25 7% 64 2%
4.9 Workfront 2001 Lehi Series E $95M - 4 - - 5 15k 44 90k 348 -4k -19% 2 1% 12 35%
4.9 Tempo 2015 Reykjavik Unfunded - - 3 4 3 4 393k 1.5k 30k 117 -36k -8% 21 20% 64 4%

Incubators Techstars (#1), Tech Wildcatters (#1)
Seed Storm Ventures (#1), Innovacom (#1)
Series A/B Foundation Capital (#2), Goldman Sachs (#2)
Series C+ Silicon Valley Bank (#1), Apax Partners (#1)
Alfresco Feb - 2018
Acq by Thomas H Lee Partners
Newgen Software Jan - 2018
IPO'd
Intellinetics Jan - 2016
IPO'd
Day Software Jul - 2010
Acq by Adobe for $240M
Perceptive Software May - 2010
Acq by Lexmark for $280M
Vignette Jul - 2009
Acq by OpenText for $310M
Captaris Sep - 2008
Acq by OpenText for $131M
$843k - Series A
GrayMeta (2015, Agoura Hills, $7.3M)
$25M - Series B
$25M - Series B
$1.9M - Series A
GrayMeta (2015, Agoura Hills, $7.3M)
$9.5M - Series A
$25M - Series E
Aug 2017
Open Text's (OTEX) CEO Mark Barrenechea on Q4 2017
Results , Seeking Alpha
Aug 2017
OpenText Reports Fourth Quarter and Fiscal Year 2017
Financial Results , PR Newswire
Aug 2017
NetDocuments to be First Legal DMS Provider to Adhere to
ISO 27018 Data Protection Standards - Legal IT
Professionals, Legal IT Professionals
Dec 2017 OpenText Expands Operations in India, CNW
Sep 2017
OnBase unveils new platform for increased transparency for
payers, Healthcare Finance News
Dec 2017
Doxis4Cloud Receives an A+ in Independent Web Security
Tests, DQ Channels
Nov 2017
GrayMeta Partners with Photron to Bring Artificial
Intelligence to Japanese Markets, GlobeNewswire
Oct 2017
OpenText to Resell VisibleThread's Language Analytics and
AI (Artificial Intelligence) Solutions, Marketwired
Aug 2017
Ripcord Raises $40M in Funding Led by Icon Ventures,
Business Wire
Sep 2017 Prince Pipes, Newgen Software file for IPO, VCCircle
Feb 2016
As Primary Season Opens, OpenText Releases Election News
Tracking Tool, TechCrunch
Aug 2017
Winscribe Improves Clinical Documentation Efficiency with
the Launch of Winscribe Text Version 8.3, Press Release Rocket
Oct 2017
Alfresco Once Again Positioned as a Challenger in Gartner
2017 Magic Quadrant for Content Services Platforms Report,
PressReleasePoint
News
0
2
4
6
8
10
12
$0k
$20M
$40M
$60M
$80M
$100M
$120M
2014 2015 2016 2017 2018
YoY Funding Rounds
13
9
23
51
159
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Content Management > Suite: Market Factsheet
75
Exits
Recent Investments
Companies providing integrated
software suite enabling
organizations to manage
structured and unstructured
content
SpringCM
(2005, Chicago, $113M)
Ripcord
(2015, Hayward, $74.5M)
Alfresco
(2005, Maidenhead, $64.2M)
Nuxeo
(2000, Paris, $39.9M)
Vignette
(1995, Austin, $32.5M)
Top Companies
Companies Created 159 | Funded 51 | Total Funding $484M
Market: Suite

Enterprise Content Management > Suite: Top Companies
Market: Suite (1/2)
Analyst’s Pick
Crestline Investors, Foundation Capital, North
Bridge and 9 Other Investors
Nuxeo (2000, Paris, $39.9M)
Open Source Content Management Platform
Goldman Sachs, Kennet Partners, Apicap
Newgen Software (1992, Delhi, $27.4M)
Provider Contract Management and Document
Management System
Ascent Capital, IDG Ventures India, SAP and 2 Other
Investors
Averail (2011, Menlo Park, $6.3M)
Mobile content management technology
Foundation Capital, Storm Ventures
Analyst’s Pick
Pushfor (2013, London, $1.5M)
Enterprise content management software
NTAsset, C12 Capital Management
Owl Docs (2015, Brasilia, $140k)
Blockchain based content management and audit
platform
Cogo Platform (2015, Singapore)
Content management and knowledge sharing
software
DMACQ Software (2011, Mumbai)
Enterprise content and document management
software
DocLogix (2003, Vilnius)
Document and process management system
Imagetek (1994, Des Moines)
Analyst’s Pick
Informative Graph (1990, Phoenix)
Enterprise content and information management
software
IRIS (2013, Amsterdam)
Enterprise content and document management
software
OpenText (1991, Waterloo)
Enterprise Information Management Solutions
Royal Bank of Canada, Tera Capital, Technology
Crossover Ventures, Granite Ventures
Orbis Technologies (2006, Baltimore)
Enterprise content and information management
solution
Brook Venture Partners
Prism Software (1992, Irvine)

Enterprise Content Management > Suite: Top Companies
Market: Suite (2/2)
Analyst’s Pick
Shinydocs (2013, Kitchener)
Web-based Information management solution to
ensure compliance

78
Enterprise Content Management > Suite: Leaderboard
Market: Suite
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Newgen
Software
1992 Delhi Public $27.4M - 4 3 3 12 439k 2.2k 6k 152 71k 19% 10 7% 7 -
5.0 Alfresco 2005
Maidenhea
d
Acquired $64.2M - 4 - - 9 57k 13k 33k 512 7k 13% 10 2% 102 1%
4.9 Nuxeo 2000 Paris Series B $39.9M - 3 - - 7 289k 2.6k 6k 25 77k 36% 6 55% 125 5%
4.9 NetDocuments 1998 Lehi Series B $25M - 4 - - 13 312k 7.4k 3k 42 68k 28% 2 20% 65 1%
4.9 OpenText 1991 Waterloo Public - - 4 - - 61 37k 18k 27k 6.8k -5k -12% 3 2% 787 4%
4.8 SpringCM 2005 Chicago Series E $113M - 5 - - 11 163k 1.9k 750 21 -80k -33% - - 70 4%
4.8 Laserfiche 1987 Long Beach Unfunded - - 4 - - 3 111k 4.9k 11k 82 -21k -16% 5 7% 129 3%
4.8 Formpipe 2004 Stockholm Public - - 4 3 3 - 1.5M 134 300 5 266k 23% -1 -17% 8 6%
4.7 Pushfor 2013 London Seed $1.5M - 4 4 3 1 5M 481 330 14 -512k -9% 1 4% -45 -9%
4.7 Owl Docs 2015 Brasilia Funded $140k - 3 - - - 10M 23 75 4 5M 37% 1 33% 5 28%
4.7 DocuWare 1988 Germering Unfunded - - 4 - - 2 345k 1.9k 14k 74 53k 18% 4 12% 60 3%
4.6 OnBase 1991 Westlake Funded - - 5 - - 13 158k 13k 31k 98 -24k -13% - - 100 1%
4.6 d.velop 1992 Gescher Funded - - 5 - - - 375k 862 4k 23 -169k -30% - - 56 7%
4.6 Docsvault 2003 Linwood Unfunded - - 5 2 5 - 1.8M 328 900 13 233k 15% - - 15 5%
4.5 Fileee 2011 Munster Unfunded - - 4 - - - 453k 942 30k 221 -281k -38% 23 11% 20 2%

Enterprise Collaboration > Market Details > Market: Unified Communication
Market: Unified Communication

Market: Unified Communication (1/2)

Market: Unified Communication (2/2)

Market: Unified Communication

Enterprise Collaboration > Market Details > Market: Enterprise File Synchronization and Sharing
Market: Enterprise File Synchronization and Sharing

Tracxn - Enterprise Collaboration Startup Landscape

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