Tracxn - Enterprise Collaboration Startup Landscape

DECEMBER 2018
ENTERPRISE COLLABORATION

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Enterprise Collaboration - Dec 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 December 20, 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
$14B
Funding
99
Mega
Companies
11564115
FundedCovered on
Tracxn
23
Unicorns
43
Soonicorns
49
Minicorns
60
IPO’d Cos
410
Late Stage Cos
122
321
Acquisitions
376
DeadPooled
4
Acquihired
Series A+ Cos
Avaya
(2000, Basking Ridge, $400M)
CA Technologies
(1976, New York City)
Cisco
(1984, San Francisco, $2.5M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Enterprise Collaboration
5
$427M - Series H
Slack (2009, San Francisco, $1.3B)
$104M - Series E
Fuze (2006, Cambridge, $500M)
$400M - PE
Avaya (2000, Basking Ridge, $400M)
$100M - Series C
Airtable (2013, San Francisco, $170M)
$250M - Series G
$100M - Series D
Zoom (2011, Santa Clara, $146M)
$200M - Series D
Jama Software (2007, Portland, $233M)
$75M - Series D
Asana (2009, San Francisco, $213M)
$150M - Series F
$75M - Series E
Egnyte (2006, Mountain View, $133M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Enterprise Collaboration > Feed Summary > Investment Trend Summary
Seed
Right Side Capital Management (#4), High-Tech Grunderfonds
(#4), Index Ventures (#3)
Series A/B
Insight Venture Partners (#5), New Enterprise Associates (#4),
BoxGroup (#4)
Series C+
Meritech Capital Partners (#3), Bessemer Venture Partners (#2),
Greenspring Associates (#2)
Incubators Y Combinator (#16), 500 Startups (#15), Techstars (#12)
Other Notable
Investors
Wayra (#8), Kima Ventures (#7), Goldman Sachs (#6)
Debt Investors
Western Technology Investment (#12), Lighter Capital (#8),
Hercules Capital (#7)
Most Active InvestorsRecent Investments
410 410
457
315
150
21
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 177 156 159 168 116 132
$11.3B
$1.3B
$365M
$250M
$194M
US
Europe
Israel
Australia
Canada
$ Funding
$895M
$1.9B
$1B
$1.4B $1.3B
$2.3B
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds

Summary of exit outlook in Enterprise Collaboration
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Accel Partners 8
Dropbox (2007, San Francisco, $607M)
Sequoia Capital 6
New Enterprise
Associates
4
Box (2005, Los Altos, $701M)
eRoom (1996, Cambridge, $50.3M)
Benchmark Capital 4
Index Ventures 4
Sep 2018 Lexmark Acq by PAG for $3.6B
Jul 2018 CA Technologies Acq by Broadcom for $18.9B
Apr 2018 Mitel Acq by Searchlight Capital for $2B
Oct 2009 Tandberg Acq by Cisco for $3.3B
Jun 2007 Avaya Acq by Silver Lake for $8.2B
Mar 2007 WebEx Acq by Cisco for $2.9B
Enterprise Collaboration > Feed Summary > Exit Outlook Summary
Microsoft 8
Yammer (Jun 2012, $1.2B), PlaceWare (Jan 2003, $200M),
Wunderlist (Jun 2015)
Google 7 Pie (Feb 2016), Quickoffice (Jun 2012), Wikidot (Apr 2009)
Cisco 6
Tandberg (Oct 2009, $3.3B), WebEx (Mar 2007, $2.9B), Acano
(Nov 2015, $700M)
Salesforce 6
Quip (Aug 2016, $750M), Thinkfuse (Jun 2012, $651M), Dimdim
(Jan 2011, $31M)
OpenText 6
Vignette (Jul 2009, $310M), Captaris (Sep 2008, $131M),
StreamServe (Oct 2010, $71M)
Recent IPOs Top Acquisitions
Intellinetics Jan 2016
Electronic document management solutions
IPO MCap: -
Atlassian Dec 2015
Collaboration suite for software developm…
IPO MCap: $4.4B
Knosys Sep 2015
Knowledge Management Platform
IPO MCap: $10.9M
Box Jan 2015
File sharing in the cloud
IPO MCap: $1.6B
Dropbox Mar 2018
Cloud-based file sharing and synchronizat…
IPO MCap: $8.2B
Newgen Software Jan 2018
Provider Contract Management and Document…
IPO MCap: $267M
Avaya Jan 2018
Customer & Team Engagement Solutions
IPO MCap: -
LoopUp Aug 2016
Audio and web conferencing solution
IPO MCap: $53.8M

FACTSHEET
Overview
Companies 4115
Funded 1156 Series A+ 410
Funding $14B Last 2 yrs $3.5B
Most Active Investors
Seed Right Side Capital Management (4)
Series A/B Insight Venture Partners (5)
Series C+ Meritech Capital Partners (3)
Others Wayra (8)
Incubators Y Combinator (16)
Top Cities
Bay Area 435 Cos $6.9B
Cambridge 15 Cos $495M
Feed in Numbers
Unicorns 23 Soonicorns 43
Minicorns 49 Editor Picks 315
Acquihired 4 Deadpooled 376
Top Companies
Cisco (1984, San Francisco, $2.5M)
CA
Technologies
Exits
IPOs 60 Dropbox, Atlassian
Acquisitions 321 CA Technologies, Avaya
Top Acquirers Microsoft, Google
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
211 $828M 24
Project Management >
Suite 653 $674M 27
Enterprise Communication >
Unified Communication 126 $350M 11
Enterprise Communication > Conferencing
>
Video Conferencing
146 $202M 11
Enterprise Content Management >
Document Management 226 $131M 15
Project Management >
Team and Task Management 446 $121M 16
Enterprise File Synchronization and
Sharing 249 $198M 10
Collaboration Suite 162 $96.5M 8
Knowledge Management 157 $78.3M 9
Enterprise Content Management > Digital
Transaction Management >
Data Digitization
80 $92.5M 7
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Enterprise Communication
Companies providing enterprise communication
software such as messaging, conferencing...
735 294 $6B
Enterprise File Synchronization and
Sharing
Companies providing software solutions that enable
employees to securely synchronize...
249 91 $2.4B
Project Management
Companies providing solutions for team management,
task management, end-to-end project...
1355 244 $1.9B
Enterprise Content Management
Companies providing software solutions used by
organizations to manage unstructured contents...
700 192 $1.5B
Collaboration Suite
Companies providing integrated software solutions
enabling employees to communicate and...
169 50 $657M
Enterprise Social Platforms
Companies providing social platforms such as social
networking, microblogging, idea management...
369 116 $618M
Knowledge Management
Companies providing software applications used by
organizations to manage the information...
163 66 $424M
Enterprise Collaboration > Feed Summary > Summary of Key Markets

List of Notable Companies in Enterprise Collaboration
Notable Companies in the Sector (1/3)
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)
Smart Technologies
(1987, Calgary)
Box
(2005, Los Altos, $701M)
RingCentral
(2003, San Mateo, $55M)
Varonis
(2005, Herzliya, $18.7M)
Vocera
(2000, San Jose, $50.6M)
Newgen Software
(1992, Delhi, $27.4M)
iManage
(1998, Chicago)
Upland Software
(2010, Austin, $31.4M)
Public
V-cube
(1998, Torrance)
AltiGen
Communications
(1994, San Jose, $1M)
Omtool
(1991, Andover)
8x8
(1987, San Jose, $30.6M)
LoopUp
(2003, London)
Imaginatik
(1996, London)
Knosys
(2013, Collingwood)
Vertical
Communications
(2004, Santa Clara, $124M)
LogMeIn
(2003, Boston, $30M)
Public
CounterPath
(2002, Vancouver, $13M)
Intellinetics
(1994, Columbus, $6.8M)
Glowpoint
(2000, Murray, $2.8M)
Cisco
ClearOne
(1983, Salt Lake City)
OpenText
(1991, Waterloo)
M4B
(2005, Warsaw)
Formpipe
(2004, Stockholm)
Wacom
(1983, Tokyo)
Globalscape
(1996, San Antonio)
Public
Magor
(2007, Ottawa)
1mage
(1980, Englewood)
Aastra
(1983, Concord)
BroadVision
(1993, Redwood City)
Ceyoniq Technology
(2000, Bielefeld)
Cybozu
(1997, Tokyo)
Cycos
(1984, Alsdorf)
Easy Software
(1990, Mulheim)
Microsoft Onedrive
(1974, Redmond)
Mlabs
(1992, Petaling Jaya)
Public
Onstream Media
(1993, Pompano Beach)
Tms Software Sdn Bhd
(1996, Petaling Jaya)
Windstream Business
(2006, Little Rock)

10
Acquired
CA Technologies
Avaya
(2000, Basking Ridge, $400M)
Lexmark
(1990, Lexington)
Lotus Development
Corporation
Tandberg
(1978, Lysaker)
WebEx
Mitel
(1973, Kanata, $1M)
Polycom
(1990, San Jose)
GoToMeeting
(2004, Santa Barbara)
FileNet
(1982, Costa Mesa)
Acquired
Intralinks
(1996, New York City, $133M)
Yammer
(2008, San Francisco, $142M)
TeamViewer
(2005, Goppingen)
Open Plan
(Herndon)
PGi
(1991, Atlanta)
Quip
Acano
(2012, London)
Thinkfuse
(2010, Seattle, $532k)
Unify
(2008, Munich, $38M)
Diligent
Acquired
Diligent Corporation
ShoreTel
(1996, Sunnyvale, $88.3M)
KANA Software
(1996, Dallas)
Jive Software
(2001, Palo Alto, $57M)
eGroups
Trello
(2011, New York City, $10.3M)
Lifesize
(2003, Austin, $98M)
InterCall
(1991, Chicago)
PictureTel Corp.
(1984, Boston)
Jive Communications
(2006, Orem, $32.4M)
Acquired
Vignette
(1995, Austin, $32.5M)
Perceptive Software
(1995, Lenexa)
Captiva Software
(1986, San Diego)
Hyland
(1991, Westlake)
Telerik
(2002, Sofia)
eRoom
(1996, Cambridge, $50.3M)
Day Software
(1994, Basel, $1.9M)
NetDocuments
(1998, Lehi, $25M)
RADVISION
(1992, Fair Lawn)
SpringCM
(2005, Chicago, $128M)
Acquired
PlaceWare
(1996, Portland, $45.3M)
Boardvantage
(2000, Menlo Park, $5.5M)
Brainware
(2006, Ashburn)
Captaris
(1982, Bellevue)
SwapDrive
(1998, Washington D.C., $4.7M)
Silanis Technology
(1992, Montreal, $31M)
Voyant Technologies
(1980, Westminster)
Teem
(2012, Salt Lake City, $21.5M)
Changepoint
(1994, Richmond Hill, $5.5M)

11
Unicorns
Slack
(2009, San Francisco, $1.3B)
Fuze
(2006, Cambridge, $500M)
Symphony
(2014, Palo Alto, $300M)
Asana
Airtable
Zoom
Zoho
(1996, Chennai, $352k)
Deadpooled
Cureo (2009, Wooster, $250k)

List of Notable Companies by Market in Enterprise Collaboration
Notable Companies by Market (1/16)
13
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
Soonicorn. Stage: Public
Wells Fargo Capital Finance, CIT Bank, Goldman
Sachs Bank USA and 7 Other Investors
LogMeIn (2003, Boston, $30M)
Cloud based enterprise collaboration and
engagement service
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,
MassChallenge
Lotus Development Corporation (1982,
New York City)
Messaging & groupware products
Unicorn. Stage: Acquired
Sevin Rosen Funds, Inventures Group
BroadVision (1993, Redwood City)
Enterprise communication and collaboration
solutions
Stage: Public
Mayfield, Sutter Hill Ventures, MassVentures
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

14
Enterprise File Synchronization and Sharing
Box (2005, Los Altos, $701M)
File sharing in the cloud
Coatue, TPG, ITOCHU Technology Ventures and 24
Other Investors
Cloud-based file sharing and synchronization
software
Salesforce, JPMorgan, Bank of America and 35
Other Investors
Intralinks (1996, New York City, $133M)
Secure enterprise file sharing and collaboration
Acadian Asset, TA Associates Management, Rho
Ventures and 10 Other Investors
File Sharing for Enterprises
Soonicorn. Stage: Series E
Goldman Sachs Investment Partners, Northgate
Capital, CenturyLink and 8 Other Investors
CTERA (2008, Petah Tikva, $100M)
Cloud storage enablement and sync
Soonicorn. Stage: Series D
Red Dot Capital Partners, Benchmark Capital,
Bessemer Venture Partners and 8 Other Investors
Hightail (2004, Campbell, $83M)
Securely share files & folders anywhere
Accolade Partners, Alloy Ventures, Sevin Rosen
Funds and 10 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

15
Microsoft Onedrive (1974, Redmond)
Online storage from Microsoft
Stage: Public
Suite
SpringCM (2005, Chicago, $128M)
Cloud Enterprise Content and Contract Mangement
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, Chiratae Ventures, SAP and 2 Other
Investors
NetDocuments (1998, Lehi, $25M)
Frontier Capital, EPIC Venture Fund
Suite
Intellinetics (1994, Columbus, $6.8M)
Electronic document management solutions
Stage: Public
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 and business
process management solutions
Editor's Pick. Stage: Public
Royal Bank of Canada, Tera Capital, Pacific Venture
Investments and 2 Other Investors
Formpipe (2004, Stockholm)
Enterprise content Management solutions
Stage: Public

16
Suite
Hyland (1991, Westlake)
Stage: Acquired
HarbourVest Partners
Captaris (1982, Bellevue)
Content management solutions
Stage: Acquired
Easy Software (1990, Mulheim)
ECM suite provider
Stage: Public
FileNet (1982, Costa Mesa)
Enterprise content management
Stage: Acquired
Matrix Partners
Perceptive Software (1995, Lenexa)
Enterprise content management solutions
Stage: Acquired
Peninsula Ventures, PeakSpan Capital, 4490
Ventures
Document Management
Coda (2014, San Francisco, $60M)
Document and spread sheet management software
Soonicorn. Stage: Series B
Greylock Partners, Khosla Ventures, General
Catalyst Partners and 3 Other Investors
1mage (1980, Englewood)
Document management software
Stage: Public
Ceyoniq Technology (2000, Bielefeld)
Enterprise content management and document
management
Stage: Acquired
iManage (1998, Chicago)
Document management solutions
Stage: Public
New Enterprise Associates, Artiman Ventures
Document Management
Omtool (1991, Andover)
Provides document management workflows
solutions
Stage: Acquired
Summit Partners

17
Enterprise Search
Lexmark (1990, Lexington)
Enterprise search software
Digital Transaction Management
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 3
Other Investors
Silanis Technology (1992, Montreal, $31M)
e-signature process management solutions
Stage: Acquired
BMO Global Asset Management, Janus Henderson
Investors, MM Venture Partners and 3 Other
Investors
Parascript (1996, Longmont)
AI-based document capture and recognition
solutions
M4B (2005, Warsaw)
Cloud-based interactive digital signage solutions for
offline retailers
Editor's Pick. Stage: Acquired
Runicom, Futuris
Digital Transaction Management
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
Captiva Software (1986, San Diego)
Data capture, data process software
Stage: Acquired

18
Dynamic Signal (2010, San Francisco, $127M)
Enterprise communication and advocacy platform
Deutsche Telekom Capital Partners, Adams Street
Partners, Akkadian Ventures and 13 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
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
Mohr Davidow Ventures, DFJ, Rho Ventures and 3
Other Investors
Tms Software Sdn Bhd (1996, Petaling Jaya)
Software development company
Stage: Public
Malaysia Digital Economy Corporation
Collaborative Workspaces
Quip (2012, San Francisco, $46M)
Modern word processor
Stage: Acquired
Greylock Partners, Benchmark Capital, Lighter
Capital

19
Mind Mapping
Lucidchart (2009, Salt Lake City, $114M)
Collaborative Online Diagramming
Meritech Capital Partners, Iconiq Capital, Spectrum
Equity and 1 Other Investors
Enterprise Social Networking
Yammer (2008, San Francisco, $142M)
Social network for enterprises
Meritech Capital Partners, Charles River Ventures,
Founders Fund and 12 Other Investors
Jive Software (2001, Palo Alto, $57M)
Enterprise collaboration platform
Stage: Acquired
Sequoia China, Kleiner Perkins, Lighter 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

20
Unified Communication
Cross-platform video conference
Summit Partners, Bessemer Venture Partners,
Wellington Management and 12 Other Investors
Customer & Team Engagement Solutions
CPP Investment Board, Warburg Pincus, Stockwell
Capital and 2 Other Investors
Vertical Communications (2004, Santa Clara,
$124M)
Unified Communications Systems
Minicorn. Stage: Acquired
PNC Financial Services Group, Trinity Capital
Investment, Columbia Partners and 6 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
12 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, Battery Ventures, OVP Venture
Partners and 1 Other Investors
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
Herald Investment Management
Star2Star (2006, Sarasota, $30M)
Unified communications software suite
NewSpring Capital, PPM America

21
CounterPath (2002, Vancouver, $13M)
Desktop and mobile VOIP software and solutions
provider
Stage: Public
Wesley Clover, Propel Partners, BDC and 1 Other
Investors
Cisco (1984, San Francisco, $2.5M)
Designs and manufactures Networking Equipment
Sequoia Capital, Credo Ventures, Think Big Partners
Mitel (1973, Kanata, $1M)
Integrated communication and collaboration
platform
Francisco Partners, August Capital, Wesley Clover
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 6 Other Investors
ClearOne (1983, Salt Lake City)
Conferencing solutions
Momentum Telecom (2001, Birmingham)
Cloud-based unified communication solutions
provider
Court Square Capital Partners, Camp One Ventures
Aastra (1983, Concord)
Unified communications applications
Stage: Acquired
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, Tamar Ventures,
next47
Windstream Business (2006, Little Rock)
Voice and data network communications and
managed services provider
Stage: Public

22
Conferencing
Vidyo (2005, Hackensack, $182M)
High-definition video conferencing solutions
Soonicorn. Stage: Series F
Kaiser Permanente Ventures, Menlo Ventures, Rho
Capital Partners and 14 Other Investors
BlueJeans Network (2009, Mountain View,
$175M)
Cloud-based video conferencing service
New Enterprise Associates, Accel Partners, Battery
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
Meritech Capital Partners, Sutter Hill Ventures,
Redpoint Ventures and 7 Other Investors
Wickr (2012, San Francisco, $87.8M)
Ephemeral, encryption based secure
communication
Dolby Family Ventures, Riverwood Capital, Knight
Foundation and 7 Other Investors
ON24 (1998, San Francisco, $61.3M)
Webinar and Webcasting Software Solutions.
Goldman Sachs, Canaan Partners, U.S Venture
Conferencing
Panopto (2007, Pittsburgh, $46.8M)
Digital media recording and content management
company.
Sterling Partners, Square 1 Bank, Saturn Partners
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

23
Conferencing
Glowpoint (2000, Murray, $2.8M)
Telepresence, Videoconferencing Services
Stage: Public
Main Street Capital, Escalate Capital, Main Street
Merchant Partners
GoToMeeting (2004, Santa Barbara)
Online meetings and conferencing
E.ventures, BOLDstart Ventures
LoopUp (2003, London)
Audio and web conferencing solution
Herald Investment Management, Adara Ventures
TeamViewer (2005, Goppingen)
Remote support, remote access, service desk, online
collaboration and meetings
HarbourVest Partners, Bessemer Venture Partners,
Insight Venture Partners and 3 Other Investors
Conferencing
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
Onstream Media (1993, Pompano Beach)
On-demand internet broadcasting
Stage: Public
Lincoln Park Capital, Sigma Capital Partners
Conferencing
PGi (1991, Atlanta)
Web conferencing and Video Conferencing
solutions
Stage: Acquired
Capital Southwest
PictureTel Corp. (1984, Boston)
Video conferencing solutions
Stage: Acquired
Oak Investment Partners, Accel Partners
Tandberg (1978, Lysaker)
Video conferencing and telepresence products
Stage: Acquired
V-cube (1998, Torrance)
Web based video conferencing solutions
Stage: Public
Globis Capital Partners, Intel Capital, Recruit
Strategic Partners and 1 Other Investors

24
Conferencing
Voyant Technologies (1980, Westminster)
Voice Conferencing and Network Software
Company
Stage: Acquired
ABS Capital, Vesbridge Partners, TA Associates
Management
Visual Conferencing
Oblong (2006, Los Angeles, $113M)
Conference room telecollaboration system
developer
Greenspring Associates, Industry Ventures,
UTIMCO and 4 Other Investors
Magor (2007, Ottawa)
Visual collaboration software vendor
Stage: Acqui-Hired
Smart Technologies (1987, Calgary)
Smart classroom solutions for schools
Stage: Acquired
Apax Partners, Austin Ventures, Silverton Partners
Messaging and Chat Apps
Real-time messaging, archiving and search for
enterprise teams.
Unicorn. Stage: Series H
General Atlantic, Dragoneer Investment Group, T.
Rowe Price and 29 Other Investors
Symphony (2014, Palo Alto, $300M)
Open source, secure communication and workflow
platform
Unicorn. Stage: Series D
Barclays, Bpifrance, CLSA and 26 Other Investors
Dialpad (2011, San Francisco, $120M)
Enterprise messaging service
Iconiq Capital, Andreessen Horowitz, Amasia and 9
Other Investors

25
Messaging and Chat Apps
TigerText (2010, Santa Monica, $81.1M)
Secure Enterprise Texting
Norwest Venture Partners, Invus Group, Accolade
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, ERMAK Group
Project Management
Suite
Enterprise collaboration platform for product
requirement and delivery management.
Insight Venture Partners, Madrona Venture Group,
Trinity Ventures and 2 Other Investors
Project Management software
Unicorn. Stage: Series E
Al Gore, Generation Investment Management, 8VC
Mobile app that aims to be alternative to
spreadsheets
Unicorn. Stage: Series C
Caffeinated Capital, Emily Weiss, Alexa Von Tobel
Suite
Lucid Software (2009, Salt Lake City, $114M)
Visual Communication Software
Workfront (2001, Lehi, $95M)
Cloud project management solution
JMI Management, Atlas Peak, Greenspring
Associates and 6 Other Investors
Mavenlink (2008, Irvine, $84M)
Project management solutions with intelligence
solutions
Goldman Sachs, Carrick Capital Partners, Silicon
Valley Bank and 2 Other Investors

26
Project Management
Suite
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 3 Other
Investors
Trello (2011, New York City, $10.3M)
Lists for project management
Stage: Acquired
Index Ventures, Spark Capital, BoxGroup
Suite
Open Plan (Herndon)
Enterprise project and portfolio management
software
Telerik (2002, Sofia)
Agile project management software
Stage: Acquired
Team and Task Management
monday.com (2012, Tel Aviv, $84.1M)
Project and team management software
LeumiTech, Stripes Group, Insight Venture Partners
Cureo (2009, Wooster, $250k)
Online collaboration platform
Stage: Deadpooled
JumpStart Entrepreneurial Network

27
Project Management
Project Reporting
Thinkfuse (2010, Seattle, $532k)
SaaS provider for Regular Progress Reports
Stage: Acquired
SV Angel, Founders' Co-op, Techstars
PPM
Changepoint (1994, Richmond Hill, $5.5M)
PSA and PPM solutions
Stage: Acquired
JMI Management, Marlin Equity Partners, BEST
Funds
CA Technologies (1976, New York City)
Software Solutions for Digital Transformation
Meeting Collaboration
Room Booking
Teem (2012, Salt Lake City, $21.5M)
Meeting room management software
GE Ventures, Greycroft Partners, Origin Ventures

28
Board Meetings
Diligent (2001, New York City, $30M)
Board portal software for board management
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
Passageways (2003, Lafayette)
Board portal and employee intranet software
developer
Five Elms Capital, Saratoga Investment

Recent News in Enterprise Collaboration Sector
Recent News
29
Enterprise Collaboration > Feed Summary > Recent News
Dec 2018
Learn Details of the Database Design Software Market: Top Key
Players Are Visual Paradigm, Vertabelo, dModelAid, Lucidchart ,
Datanamic, Erwin , Aquafold, DbWrench, IBM, Digital Journal
Dec 2018
Global Edge Computing Market 2019-2023: Key Vendors Are Cisco
Systems, Dell, Hewlett Packard Enterprise, Intel, Microsoft & Nokia -
ResearchAndMarkets.com, Business Wire
Dec 2018 OpenText Streamlines Collaboration for Marketers, PR Newswire
Dec 2018
Cisco Helps KSA Enterprises Embrace the Cloud Faster with New
Solutions, Eye of Dubai
Dec 2018
Kaseya Acquires IT Glue, World’s Fastest Growing IT
Documentation Platform, GlobeNewswire
Dec 2018
Enterprise Firewall Software Market Analysis, Industry Growth, Top
Key Players Like Cisco Systems, Fortinet, Juniper Networks, McAfee
and Forecast to 2023, Digital Journal
Dec 2018
Global Desktop IP Phone Market | Status and Forecast 2018-2025 (
Cisco, Avaya, Mitel ), iCrowdNewswire
Dec 2018
Professional Services Automation Software Market : Industry
Insight 2018-2025 Covered Players – Replicon, Dapulse,
SherpaDesk, Intellect, Digital Journal
Dec 2018
Ikarus, CRRC roll out all-electric bus prototype, Budapest Business
Journal
Dec 2018 OFS, Modern Bank Support DRS Acquisition of DocuLynx, ABFJournal
Dec 2018 UIB Named Official WhatsApp Enterprise API Partner, PR Newswire
Key Recent News Key Recent News
Dec 2018
Box releases Skills, which lets developers apply AI and machine
learning to Box content, TechCrunch
Dec 2018 Avaya introduces subscription basis, Financial News
Dec 2018 Atlassian adds postmortem feature to JiraOps, ARN
Dec 2018
Burger chain Jack in the Box exploring options, including a sale, The
Business Times
Dec 2018 OpenText Buys Liaison Technologies, Inc., PR Newswire
Dec 2018
Pillsbury Joins with OpenText to Pioneer New Artificial Intelligence
Innovations in the Legal Industry, PR Newswire
Dec 2018
Ripcord Appoints Three Former OpenText Senior Executives to
Drive Aggressive Growth Plans in 2019, Business Wire
Dec 2018
HiGro Group portfolio company, DRS Holdings, LLC, Acquires the
Assets of docuLynx, Business Wire
Dec 2018
pCloud Secure Cloud Storage Service Announces New Family
LIFETIME Plan, PR Newswire
Dec 2018
Lexmark Receives Top Honors in 19th Annual RIS Software
LeaderBoard Survey of Retailers, PR Newswire
Dec 2018
MangoApps Announces Launch of Community Software Platform
for Mid-Market Organizations, PR Newswire
Dec 2018
Zoho Analytics offers data auto-blending and AI-powered
assistance, uaenews247
Dec 2018
Telegram for Windows is updated with new emojis, improvements
in the links and more, TechGenYZ

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
30
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
Semiconductors
Nov 2018
Banking Tech
Nov 2018
Mobile Payments
Nov 2018

Investments ($M) and number of rounds in Enterprise Collaboration; 2011-2018
Global Funding Trends (1/2)
32
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 9% # of Rounds7% $ Funding
0% # of Rounds
13% $ Funding
$867M $803M
$895M
$1.9B
$1B
$1.4B
$1.3B
$2.3B
0
20
40
60
80
100
120
140
160
180
200
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds

64 78 106 82 93 81 54 44
37
44
53
46
46
62
43 58
12 23 18 28 20 25 19 30
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
113
132
Total # of Rounds
$30M $53M $66M $60M $62M $69M $34M $52M
$577M
$253M
$359M
$460M
$394M $490M
$413M
$539M
$259M $497M $469M $1.4B $574M $826M $836M $1.7B
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
33
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 Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Enterprise Collaboration; 2011-2018
Enterprise Collaboration > Investment Trends > Global Funding Trends
132
87
68
83
75
50
53 548
$1.8M $2.8M
$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
$1.8M $1.5M $4.7M $1.4M $2.3M $3.7M $4.4M $2.8M
$588M
$446M $457M
$1.6B
$622M
$1B $994M
$1.8B
0
5
10
15
20
25
30
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
1.6E+09
1.8E+09
2E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
Mega Rounds
7 11 9 22 13 23 17 25
$867M
$2.3B
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 6.9B 484
Cambridge 495M 14
Basking Ridge 400M 2
New York City 373M 74
London 346M 37
Portland 279M 7
Austin 233M 37
Chicago 214M 27
Sydney 211M 4
Salt Lake City 208M 10
Total Funding
612
306
51
18
58
48
22
22
# Rounds
$11.3B
$1.3B
$365M
$250M
$194M
$112M
$45M
$27.4M
US
Europe
Israel
Australia
Canada
India
SEA
Latam
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6
$0.9 $0.8 $0.9 $0.9 $1.2 $0.9
2011 2012 2013 2014 2015 2016 2017
$4.0 $4.6 $5.4 $9.0 $5.4 $5.4 $5.2
$35.2
$9.2 $10.9
$14.9
$20.3
$14.4
$21.3
$21.6 $22.6 $27.6
$56.7
$30.2
$39.3
$52.3
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* $10M
$50K $68.7M
$600K $250M
$186K $427M
$24.4M
$12.5M
$4.2M
$510K
Series C+
Series B
Series A
Seed
Stage

Note: 474 companies with undisclosed funding amount are not included
36
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
211
285
141
36
27
No. of Companies
Enterprise Collaboration > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Enterprise Collaboration; as of Dec 2018
Distribution of companies by Funding Range
$67M
$1B
$3.3B
$2.5B
$7.1B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
28%
10%
5%
3%
37
Note: Numbers in the brackets show the count of companies
Time to raise
next round
122
209
410
1156
4115
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
28% 3%
(132)
3%
(111)
0%
(3)
9%
(366)
63%
(2590)
35% 11%
(122)
9%
(101)
0%
(3)
10%
(115)
54%
(628)
51% 20%
(81)
13%
(52)
- 4%
(15)
45%
(186)
58% 33%
(70)
19%
(40)
- 1%
(3)
40%
(84)
- 48%
(58)
25%
(31)
- 1%
(1)
40%
(49)
Enterprise Collaboration > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Enterprise Collaboration
Funding Funnel
19 Months
23 Months
29 Months
Investment backedBootstrapped
43
23
234
56
87
4
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; Dec 2016-Dec 2018
Notable Investments in last 24 months (1/7)
LATE STAGE
$427M - Series H Aug 2018
enterprise teams.
Rowe Price, Wellington Management, Baillie Gifford,
Sands Capital
$250M - Series G Sep 2017
enterprise teams.
SoftBank Group, Accel Partners
$200M - Series D Jun 2018
Insight Venture Partners, Madrona Venture Group
$150M - Series F May 2018
Summit Partners, Bessemer Venture Partners
LATE STAGE
$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
$100M - Series C Nov 2018
spreadsheets
Caffeinated Capital, Emily Weiss, Alexa Von Tobel,
Charles River Ventures, Delphine Arnault, Sarah
Smith, Dan Rose, Thrive Capital, Coatue, Benchmark
Capital
LATE STAGE
$75M - Series E Oct 2018
File Sharing for Enterprises
Goldman Sachs Investment Partners
$75M - Series D Jan 2018
Generation Investment Management, 8VC, Founders
Fund, Y Combinator, Sam Altman, Dustin Moskovitz
$72M - Series C Oct 2018
Equity
$72M - Series C Oct 2018
Collaborative Online Diagramming
Equity

LATE STAGE
$70.5M - PE Mar 2017
Oodrive (2000, Paris, $81.5M)
Cloud based file management system
Tikehau Capital, Nextstage
$67M - Series D Apr 2018
platform
Barclays, Bpifrance, CLSA
$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
LATE STAGE
$52.1M - Series F May 2017
Smartsheet (2005, Bellevue, $120M)
Online project management
Sutter Hill Ventures, Summit Partners
$51M - Series E Nov 2018
Al Gore, Generation Investment Management, 8VC,
Benchmark Capital, Founders Fund, Lead Edge
Capital, World Innovation Lab
$50M - Series D Jul 2018
Iconiq Capital, Andreessen Horowitz, Amasia, Scale
Venture Partners, Work-Bench, Section 32
$50M - Series C Jul 2018
Stripes Group, Insight Venture Partners, Entree
Capital
LATE STAGE
$47M - Series C Jan 2018
Enterprise social networking (ESN) platform
Frontier Capital
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
$37.5M - Series C Nov 2018
Weave (2008, Provo, $82.6M)
Unified communication platform that combines
voice, SMS and email
Bessemer Venture Partners, Pelion Venture
Partners, Crosslink Capital, Catalyst Investors, Lead
Edge Capital

LATE STAGE
$36.5M - Series E Feb 2018
Adams Street Partners, Akkadian Ventures, Cisco
Investments, Focus Opportunity Fund, Founders
Circle Capital, Time Warner, Rembrandt Venture
Partners, Trinity Ventures, Venrock, M12
$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
$30M - Series D Oct 2018
CTERA (2008, Petah Tikva, $100M)
Cloud storage enablement and sync
Red Dot Capital Partners, Benchmark Capital,
Bessemer Venture Partners, Cisco, Venrock, Viola
Group, Vintage Investment Partners, Singtel Innov8
LATE STAGE
$25M - Series E Feb 2017
SpringCM (2005, Chicago, $128M)
Cloud Enterprise Content and Contract Mangement
Crestline Investors
$25M - Series C Mar 2017
Flock (2014, Mumbai, $45M)
Online collaboration software and messaging
platform for professional environments
$24.8M - Series C Oct 2017
Open-Xchange (2005, Nuremberg, $67.8M)
Software for SaaS Provider
Iris Capital, eCapital
$20M - Series C Dec 2016
Flock (2014, Mumbai, $45M)
Online collaboration software and messaging
platform for professional environments
$17M - Series C Sep 2017
Section 32, Andreessen Horowitz, Amasia, Felicis
Ventures, GV
LATE STAGE
$12.1M - Series F Jul 2018
$10M - Series E Aug 2018
Deutsche Telekom Capital Partners
$9.5M - Series C Sep 2018
Oblong (2006, Los Angeles, $113M)
Conference room telecollaboration system
developer
$9.4M - Series F Sep 2017
$8.8M - Series C Jul 2017
Ephemeral, encryption based secure communication
$6.1M - Series C Dec 2018
Ephemeral, encryption based secure communication

LATE STAGE
PE Jul 2018
Momentum Telecom (2001, Birmingham)
Cloud-based unified communication solutions
provider
Court Square Capital Partners
PE Sep 2018
developer
Five Elms Capital
PE Jul 2018
developer
Saratoga Investment
Series G Jul 2018
enterprise teams.
Atlassian
LATE STAGE
Series D May 2018
Huddle (2006, London, $89.2M)
Cloud-based Content Collaboration
Ablrate
Series C Nov 2017
Vistara Capital
EARLY STAGE
$66M - Series B Jan 2018
Front (2013, San Francisco, $79.2M)
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, Kleiner
Perkins
$52M - Series B Mar 2018
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
$25M - Series B Apr 2017
Insight Venture Partners, Genesis Partners, Entree
Capital
$25M - Series B Dec 2017
Ripcord (2015, Hayward, $74.5M)
Records digitization and management service
GV, Telstra Global, Icon Ventures, Lux Capital, Silicon
Valley Bank, Kleiner Perkins
$25M - Series B Aug 2017
Records digitization and management service
Icon Ventures, Lux Capital, Silicon Valley Bank,
Kleiner Perkins
$25M - Series B Apr 2017
Dapulse (2012, Tel Aviv, $34.1M)
Collaboration tool for enterprise
Entree Capital, Genesis Partners, Insight Venture
Partners
EARLY STAGE
$25M - Series A Nov 2018
RealtimeBoard (2011, Las Vegas, $26.3M)
Browser-Based Whiteboard
Altair Capital, Accel Partners
Guru (2013, Philadelphia, $38M)
Knowledge capturing and sharing platform
Thrive Capital, Emergence Capital, FirstMark, Slack,
MSD Capital
Sitetracker (2013, Palo Alto, $35M)
Project and asset management platform
New Enterprise Associates, Wells Fargo, Salesforce
$22.5M - Series A Oct 2018
Omnius (2015, Berlin, $32.1M)
Provides handwriting recognition solutions,
primarily for the insurance industry
Target Global, MMC Ventures, Talis Capital,
Anthemis Group, Unbound
EARLY STAGE
$20M - Series B Nov 2018
Eko Communications (2012, Bangkok, $28.7M)
Mobile Enterprise Communication
Gobi Partners, East Ventures, SMDV
$14.2M - Series A May 2018
Avaamo (2014, Los Altos, $23.5M)
Mobile-first enterprise secure messaging
Intel Capital, Ericsson, Mahindra Partners, Wipro,
WI Harper Group
$13.4M - Series B Sep 2018
Tresorit (2011, Budapest, $18.1M)
Encryption based secure cloud storage & backup
3TS Capital Partners, PortfoLion
$13M - Series A Sep 2018
Beekeeper (2012, Zurich, $26M)
Mobile first team communication platform
Atomico, Keen Venture Partners, Samsung NEXT,
Edenred Capital Partners, Investiere, Swiss Post,
Fyrfly Venture Partners, Alpana Ventures

EARLY STAGE
x.ai (2014, New York City, $50.5M)
AI based assistant which schedules meetings
Fenox Venture Capital, DCM Ventures
Allganize (2017, $10M)
AI-based document management solution
Global Brain
$9.3M - Series A Dec 2017
Workboard (2014, Mountain View, $12.1M)
Goal based collaboration for teams
Floodgate Fund, M12
$8.4M - Series A Jun 2018
Jane.ai (2017, St. Louis, $8.4M)
Virtual assistant for enterprise activity management
and tracking
EARLY STAGE
$8M - Series A Mar 2017
Keen Venture Partners, Fyrfly Venture Partners,
Polytech Ecosystem Ventures, Btov, Swisscom,
Investiere
Skello (2016, Paris, $6.9M)
Team and task management software
Aglae Ventures, XAnge, Jean-Baptiste Rudelle,
Thomas Landais, Gilles Blanchard, Guillaume le Dieu
de Ville
Assignar (2014, Crows Nest, $9.2M)
Cloud-based workforce management solution
Tola Capital, Our Innovation Fund
$6.2M - Series B Aug 2017
AI based assistant which schedules meetings
EARLY STAGE
$5.2M - Series A Nov 2018
Scoro (2009, San Francisco, $7.1M)
Manage projects, clients and finances
Livonia Partners, Inventure, Tera Ventures
$5M - Series A Oct 2018
Memory (2013, Oslo, $6M)
AI based time tracking software
Investinor, Concentric Ventures, SNO Ventures
$3.8M - Series A Sep 2018
Shibumi (2011, San Francisco, $10.4M)
Cloud-based business execution and initiatives
management tool.
$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

EARLY STAGE
$3M - Series A Jun 2017
Assignar (2014, Crows Nest, $9.2M)
Cloud-based workforce management solution
Our Innovation Fund
$2M - Series B Nov 2018
Liquid Planner (2007, Seattle, $17M)
Online project management software
TVC Capital
$2M - Series A Aug 2017
Eko Communications (2012, Bangkok, $28.7M)
ITOCHU, Gobi Partners
$1.9M - Series A Feb 2018
Inxpo (2004, Chicago, $12.2M)
Enterprise video communication solution
$1.3M - Series A Apr 2018
RealtimeBoard (2011, Las Vegas, $26.3M)
Browser-Based Whiteboard
Altair Capital
EARLY STAGE
$600k - Series B Jul 2018
Series A Dec 2017
Stitch (2015, Mountain View, $120k)
Healthcare team communication platform
Benchmark Capital, Bill Gurley, Y Combinator
SEED STAGE
$4.8M - Seed Mar 2018
Omnius (2015, Berlin, $32.1M)
Provides handwriting recognition solutions,
primarily for the insurance industry
Baloise, Anthemis Group
$2.2M - Seed Nov 2017
Give and Take (2017, Ann Arbor, $2.2M)
Employee Communication Platform for Corporates
RPM Ventures, Grand Ventures, Invest Michigan
$2M - Seed Mar 2018
Wipro

Most Active Investors (VC, PE) by Stage in Enterprise Collaboration; Last 5 years (Dec 2013-Dec 2018)
Most Active VC & PE Investors
45
Enterprise Collaboration > Investment Trends > Most Active VC & PE Investors
SEED STAGE
High-Tech Grunderfonds(4 Investments)
Smoope, Cloudplan, Filestage
1
Right Side Capital Management(4
Investments)
Unito, Zube, Agora
2
True Ventures (3 Investments)
Cloverpop, Howdy, Canvas
3
Wavemaker Partners (3 Investments)
Eko Communications, Pie, Stacck
4
Index Ventures(3 Investments)
Slite, EveryTeam, Resource Guru
5
Seed Capital(3 Investments)
Templafy, Swipes, Forecast
6
Point Nine Capital(3 Investments)
Front, Honey, Confrere
7
SV Angel (2 Investments)
Parabol, Koan
8
Betaworks(2 Investments)
Grape, Howdy
9
Greylock Partners(2 Investments)
Pingpad, EveryTeam
10
EARLY STAGE
Insight Venture Partners (5 Investments)
Receipt Bank, monday.com, Templafy
1
New Enterprise Associates(4 Investments)
SiteTraker, Sitetracker, Coda
2
BoxGroup (4 Investments)
Trello, Airtable, Clubhouse
3
GV (3 Investments)
Parsable, Ripcord, Scalus
4
Greylock Partners (3 Investments)
HelloSign, Coda, PoPin
5
Kleiner Perkins(3 Investments)
Parsable, Ripcord, Coda
6
Battery Ventures(3 Investments)
Clubhouse, Nitro, Sonia
7
Accel Partners (2 Investments)
RealtimeBoard, Jifflenow
8
Intel Capital (2 Investments)
Avaamo, Webinar
9
Trinity Ventures(2 Investments)
Pipefy, Mobilize
10
LATE STAGE
Meritech Capital Partners (3 Investments)
Lucidchart, Lucid Software, Lifesize
1
Bessemer Venture Partners (2
Investments)
Weave, CTERA
2
Summit Partners(2 Investments)
Smartsheet, Fuze
3
Greenspring Associates (2 Investments)
Fuze, Oblong
4
General Atlantic (2 Investments)
Slack, Inkling
5
DST Global (2 Investments)
Slack, Box
6
Thrive Capital(2 Investments)
Slack, Airtable
7
Lead Edge Capital (2 Investments)
Asana, Weave
8
Saratoga Investment (2 Investments)
Passageways, Board Effect
9
Vintage Investment Partners(2
Investments)
CTERA, Clarizen
10

Enterprise Collaboration > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Enterprise Collaboration; Last 5 years (Dec 2013-Dec 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Y Combinator(16 Investments)
Asana, HelloSign, Front
1
500 Startups(15 Investments)
Eko Communications, Pipefy, Unito
2
Techstars(12 Investments)
Clausematch, LiveOak, MainframeApp
3
FasterCapital(8 Investments)
Pibox, Chiwao, YatApp
4
Alchemist Accelerator(8 Investments)
Freedcamp, Parabol, Scoro
5
MassChallenge(7 Investments)
Zoho, WeTrack, Agora
6
Startupbootcamp(4 Investments)
Signaturit, Twoodo, Intranetum
7
NDRC(4 Investments)
Stride, TaskBlast, CloudDock
8
Acceleprise(3 Investments)
Zube, Agora, Fireflies AI
9
NFX(3 Investments)
Candex, Zula App, Crowdcast
10
OTHER NOTABLE INVESTORS
Wayra(8 Investments)
IOCOM, IMbox, Hibox
1
Kima Ventures(7 Investments)
Front, Voxeet, MainframeApp
2
Goldman Sachs(6 Investments)
Symphony, Nuxeo, Mavenlink
3
Salesforce(5 Investments)
Dropbox, Guru, Sitetracker
4
Slack(5 Investments)
Guru, Parabol, Epistema
5
Accomplice(5 Investments)
Captricity, SoapBox HQ, Fieldbook
6
FundersClub(4 Investments)
Slack, Pipefy, Weave
7
Internet Initiatives Development
Fund(4 Investments)
SyncCloud, Vinteo, Actor Messenger
8
Keiretsu Forum (4 Investments)
Qmarkets, AnyMeeting, Onehub
9
CrunchFund(3 Investments)
Airtable, x.ai, Pingpad
10
DEBT INVESTORS
Western Technology Investment(12
Investments)
Cisco, Unify Square, Splashtop
1
Lighter Capital(8 Investments)
Quip, Box, Jive Software
2
Hercules Capital(7 Investments)
Wrike, Fuze, SugarSync
3
Silicon Valley Bank(4 Investments)
Mavenlink, Ripcord, Handle
4
BlackRock(3 Investments)
Smartsheet, Dropbox, Symphony
5
Escalate Capital(3 Investments)
Lifesize, eFolder, Glowpoint
6
Wellington Financial(3 Investments)
SpringCM, TigerText, Mindjet
7
Harbert Management(3 Investments)
eXo, HYPE Innovation, MultiTaction
8
Leader Ventures(3 Investments)
Vidyo, Vocera, TIS Americas
9
Adams Street Partners(2 Investments)
Dynamic Signal, eRoom
10

Enterprise Collaboration > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/9)

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
57
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
Product Management Tools
Nov 2018
Loyalty Software
Nov 2018
ERP
Nov 2018

FACTSHEET
Marketmap: Enterprise Collaboration
59
Enterprise Collaboration > Market Details > BlueBox

Key Sub Sectors (1/2)
60
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,....
Fuze (2006, Cambridge, Acquired)
735 294 $6B
Companies providing software solutions that enable employees to securely synchronize and
share docum....
Box (2005, Los Altos, Public)
249 91 $2.4B
Project Management
Companies providing solutions for team management, task management, end-to-end project
lifecycle man....
eRoom (1996, Cambridge, Acquired)
1355 244 $1.9B
Companies providing software solutions used by organizations to manage unstructured
contents such as....
Livescribe (2007, Oakland, Acquired)
700 192 $1.5B
Collaboration Suite
Companies providing integrated software solutions enabling employees to communicate and
collaborate ....
Atlassian (2002, Sydney, Public)
Parsable (2013, San Francisco, $70M)
169 50 $657M
Companies providing social platforms such as social networking, microblogging, idea
management tools....
Yammer (2008, San Francisco, Acquired)
369 116 $618M
Companies providing software applications used by organizations to manage the information
assets, in....
Inkling (2009, San Francisco, Acquired)
Dynamic Signal (2010, San Francisco,
$127M)
163 66 $424M
Companies providing software that is used by businesses to conduct daily standups, schedule
a meetin....
Diligent (2001, New York City, Acquired)
222 57 $262M
Enterprise Collaboration > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
61
Key Sub Sectors in Enterprise Collaboration
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies providing software applications that enable employees to co-work on a document
in an organization
Quip (2012, San Francisco, Acquired)
153 46 $259M
Enterprise Collaboration > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/6)
62
Enterprise Collaboration > Market Details > Detailed Sector Taxonomy

63

64

65

66

67

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Enterprise Communication > Messaging and Chat Apps > Horizontal
Companies providing industry agnostic messaging and chat applications
(Companies covered 211 | Funded 89 | Total Funding $1.7B)
$828M
(+$407M)
24
(-8)
Slack
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
$674M
(+$394M)
27
(-15)
Jama Software
(2007, Portland, $233M)
3
(+3)
Enterprise Communication > Unified Communication
Companies providing integrated enterprise communication software to communicate with the team
members in an organization
$350M
(+$145M)
11
(-3)
Fuze
(2006, Cambridge, Acquired)
4
(+1)
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
(Companies covered 146 | Funded 59 | Total Funding $940M)
$202M
(-$34.5M)
11
(-2)
Zoom
5
(+5)
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
$131M
(+$69.3M)
15
(+4)
Coda
6
(+6)
Project Management > Team and Task Management
Companies providing team and task management software
$121M
(+$91.1M)
16
(-8)
monday.com
(2012, Tel Aviv, $84.1M)
7
(-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
$198M
(+$86.6M)
10
(-17)
Egnyte
(2006, Mountain View, $133M)
68
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Enterprise Collaboration in last 2 years (December 2016 - November 2018)
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 211 | Funded 89 | Total Funding $1.7B )
2
Front (2013, San Francisco, $79.2M)
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 653 | Funded 129 | Total Funding $1.6B )
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 226 | Funded 55 | Total Funding $296M )
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 Communication > Visual Conferencing
Companies providing conferencing platform for communication and accomplishing tasks, by integrating
tools that enable users to brainstorm ideas, annotate and edit documents an…
1 RealtimeBoard (2011, Las Vegas, $26.3M)
6
Collaboration Suite
Companies providing integrated software solutions enabling employees to communicate and collaborate to
complete tasks within an enterprise
1 Sitetracker (2013, Palo Alto, $35M)
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
71
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (December 2016 - November 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

Incubators Techstars (#3), Y Combinator (#2)
Seed Wavemaker Partners (#2), Uncork Capital (#1)
Series A/B Andreessen Horowitz (#1), Edenred Capital Partners (#1)
Series C+ Social Capital (#1), General Atlantic (#1)
HipChat Jul - 2018
Acq by Slack
Pie Feb - 2016
Acq by Google
Biba Jun - 2015
Acq by Amazon
Hall May - 2015
Acq by Atlassian
Perzo Oct - 2014
Acq by Symphony
Zulip Mar - 2014
Acq by Dropbox
Tomfoolery Jan - 2014
Acq by Yahoo for $16M
$20M - Series B
Eko Communications (2012,
Bangkok, $28.7M)
$13M - Series A
$427M - Series H
$4.3M - Series A
Ryver (2011, Phoenix, $14.9M)
Series G
$14.2M - Series A
Dec 2018
Telegram for Windows is updated with new emojis,
improvements in the links and more, TechGenYZ
Dec 2018
Farmwave + Slack: Fielding Business Communications From
the Office to the Farm, Newswire
Dec 2018
Airbnb and Slack consider direct listing, Global Corporate
Venturing
Dec 2018
Telegram, WhatsApp and Signal open to side-channel
attacks, iTnews
Dec 2018 Kore agrees to buy Aspider-NGI, Telecompaper
Dec 2018
Telegram Brings Custom Language Support, Instant View 2.0
for Android and iOS Users, New Delhi Television
Dec 2018
Report: Slack is prepping an IPO for next year, with Goldman
Sachs as its lead underwriter, TechCrunch
Dec 2018
New-to-Denver coworking brand’s inaugural client is,
temporarily, Slack, BusinessDen
Dec 2018
Japan’s last pager service opts to close after 50 years, Taipei
Times
Dec 2018
Slack cofounder Cal Henderson says having Microsoft
become your top competitor is like when "you slowly boil a
frog", Business Insider
Nov 2018
VyprVPN Publishes World's First Public No Log Audit,
Business Wire
Nov 2018
Thailand Billionaire Heir's Tech Startup Closes $20M
Fundraising Led By Indonesia's 2nd Wealthiest Family,
Forbes
Nov 2018
Telegram’s $1.7 Billion Cryptocurrency is 70% Complete:
Report, CryptoScoop
News
16
4
32
89
211
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Communication > Messaging and Chat Apps > Horizontal: Market Factsheet
73
Exits
Recent InvestmentsCompanies providing industry
agnostic messaging and chat
applications
Slack
Front
Hoccer
(2009, Berlin, $68.7M)
Eko Communications
(2012, Bangkok, $28.7M)
Beekeeper
(2012, Zurich, $26M)
Top Companies
#1 Top Markets of Investment Activity
Enterprise Collaboration > Market Details > Market: Horizontal
Companies Created 211 | Funded 89 | Total Funding $1.7B
0
5
10
15
20
25
$0k
$100M
$200M
$300M
$400M
$500M
$600M
2014 2015 2016 2017 2018
YoY Funding Rounds
YoY Funding and Rounds
Market: Horizontal

Enterprise Communication > Messaging and Chat Apps > Horizontal: Top Companies
Market: Horizontal (1/2)
Analyst’s Pick
enterprise teams.
Unicorn. Stage: Series H
Rowe Price and 29 Other Investors
Eko Communications (2012, Bangkok,
$28.7M)
Minicorn. Stage: Series B
Gobi Partners, East Ventures, SMDV and 5 Other
Investors
Minicorn. Stage: Series A
Atomico, Keen Venture Partners, Samsung NEXT
Intel Capital, Ericsson, Mahindra Partners and 11
Other Investors
Analyst’s Pick
ValueFirst (2003, Gurgaon, $21.6M)
Digital engagement technologies and services.
Minicorn. Stage: Series C
Headland Capital Partners, New Enterprise
Associates
Ryver (2011, Phoenix, $14.9M)
Team communication tool
Editor's Pick. Stage: Series A
Kickstart Seed Fund, Grayhawk Capital, Arizona
Tech Investors
M io (2015, Austin, $8.3M)
Chatting and collaboration platform
Gold Crest Capital, Eniac Ventures, Two Sigma
Ventures
Hall (2011, Mountain View, $6.1M)
Real-time cross platform workspace
communication
PivotNorth Capital, Felicis Ventures, Signia Venture
Analyst’s Pick
Oneteam (2015, Tokyo, $5.6M)
Collaboration platform
Nissay Capital, Daiwa Corporate Investment,
Iwahagin Business Creation Capital and 3 Other
Investors
Yapster (2015, London, $277k)
Workplace messaging app for retail and hospitality
teams
Editor's Pick. Stage: Seed
HighSide (2015, New York City, $81.6k)
Security focused chat & file sharing tool for
handling sensitive or regulated data
CyLon, Entrepreneurs Roundtable Accelerator
Telegram (2013, St. Petersburg)
Open source messaging platform
Draper Dragon, ERMAK Group

Enterprise Communication > Messaging and Chat Apps > Horizontal: Top Companies
Market: Horizontal (2/2)
Analyst’s Pick
AZStack (2015, Singapore)
Enterprise messaging platform with peer-to-peer
call option
Expara, Captii Ventures
Kore (2013, Orlando)
Offers a chatbot development platform, and
chatbots for enterprises
Editor's Pick. Stage: Unfunded
Meody (2010, Amman)
Enterprise messaging and collaboration solution
Editor's Pick. Stage: Funded
FasterCapital
TeamToq (2014, Palo Alto)
Enterprise collaboration tool
VersionChat (2017, Vancouver)
Messaging platform to collaborate organization
teams

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
76
Enterprise Communication > Messaging and Chat Apps > Horizontal: Leaderboard
Better than Market Average
Market: Horizontal
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Slack 2009
San
Francisco
Series H $1.3B 10 - 4 - - 365k 30M 52.8k 340 3.2k 6% 26.1k 8%
4.5 Beekeeper 2012 Zurich Series A $26M 4 - 5 - - 2.9k 83k 369 17 60 19% 116 4%
4.4
Eko
Communicati
ons
2012 Bangkok Series B $28.7M 4 - 4 - - 140 79k 631 2 196 45% 8 6%
4.3 Front 2013
San
Francisco
Series B $79.2M 5 - 4 - - 5.1k 30k 110 7 18 20% 557 12%
4.3 Avaamo 2014 Los Altos Series A $23.5M 4 - 4 - - 4.1k 300k 1.2k 4 16 1% 188 5%
4.2 Telegram 2013
St.
Petersburg
Funded - - - 4 - - 476k 309.2M 3298.2k 113
348.2
k
12% 56.6k 13%
3.9 Criptext 2013
New York
City
Seed $1.9M 3 - - - - 2.9k - - 5 - - 1.7k 137%
3.8 Hoccer 2009 Berlin Series A $68.7M 1 - 4 - - 413 3M 7.9k - 77 1% 12 3%
3.8 Toss Lab 2014 Seoul Series A $12M 5 - 4 - - 83 300k 1.2k 5 90 8% 2 2%
3.7 SaltDNA 2013 Belfast Seed $3M 1 - 5 - - 1.7k 4k 32 2 4 14% 132 9%
3.5 ChatWork 2012 Sunnyvale Series B $15M 2 - 4 - - 1.2k 750k 1.7k 2 172 11% -51 -4%
3.3 HipChat 2009
San
Francisco
Acquired $100k 1 - 4 - - 24k 825k 7k 10 96 1% -199 -1%
3.3 Fleep 2012 Tallinn Seed $2.1M 3 - 5 - - 5.3k 30k 362 4 21 6% -91 -2%
3.2 Ryver 2011 Phoenix Series A $14.9M 5 5 3 - - 3.5k 30k 275 - 34 14% -33 -1%

Incubators Y Combinator (#6), Alchemist Accelerator (#2)
Seed High-Tech Grunderfonds (#2), GV (#1)
Series A/B BoxGroup (#3), Benchmark Capital (#1)
Series C+ Insight Venture Partners (#2), Goldman Sachs (#2)
Tempo Nov - 2018
Acq by Diversis Capital
Assembla Nov - 2018
Acq by IDERA
Synchro Software Jun - 2018
Acq by Bentley Systems
Volerro Apr - 2017
Acq by Fision
Trello Jan - 2017
Acq by Atlassian for $425M
Innotas Aug - 2016
Acq by Planview
Project Kickstart Jul - 2016
Acq by Keystroke
$51M - Series E
$100M - Series C
$2M - Series B
Seed
Nordantech (2016, Hamburg)
$5.2M - Series A
$1.6M - Series A
Oroson (2013, Antrim, $1.6M)
Dec 2018
Professional Services Automation Software Market : Industry
Insight 2018-2025 Covered Players – Replicon, Dapulse,
SherpaDesk, Intellect, Digital Journal
Dec 2018
Trello acquires Butler to add power of automation,
TechCrunch
Dec 2018 Oroson is empowering the future of work, Silicon Republic
Dec 2018
Continued growth at OnePlace signals appointment of Chief
Technology Officer, RealWire
Dec 2018
Hexnode Introduces Windows Kiosk - the Perfect Lockdown
for Windows Devices, Newswire
Dec 2018
Teamwork pays off for Cork entrepreneurs behind software
firm, The Irish Times
Dec 2018
Wrike plans significant Dublin office expansion, TechCentral
Ireland
Dec 2018
Wrike Expands Global Footprint With New APAC
Headquarters in Melbourne, Australia, Business Wire
Nov 2018
Wrike Receives Majority Investment from Vista Equity
Partners, FinSMEs
Nov 2018
Wrike resource increases visibility and productivity, enables
operational excellence, Financial News
Nov 2018
Every time someone quits or is fired from tech company
Basecamp, a detailed, company-wide 'goodbye
announcement' email explains why, Business Insider
Nov 2018
Mavenlink Named One of the Fastest-Growing Companies in
North America on Deloitte's 2018 Technology Fast 500, PR
Newswire
News
27
15
41
129
653
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Project Management > Suite: Market Factsheet
77
Exits
Recent InvestmentsCompanies providing software
offering end-to-end project
lifecycle management solution
such as team & task management,
project planning, tracking, and
reporting
Open Plan
(Herndon)
Jama Software
(2007, Portland, $233M)
Asana
Airtable
Smartsheet
(2005, Bellevue, $120M)
Top Companies
Enterprise Collaboration > Market Details > Market: Suite
Companies Created 653 | Funded 129 | Total Funding $1.6B
0
5
10
15
20
25
$0k
$100M
$200M
$300M
$400M
$500M
$600M
2014 2015 2016 2017 2018
YoY Funding Rounds
YoY Funding and Rounds
Market: Suite

Project Management > Suite: Top Companies
Market: Suite (1/4)
Analyst’s Pick
Trinity Ventures and 2 Other Investors
Unicorn. Stage: Series E
Al Gore, Generation Investment Management, 8VC
spreadsheets
Unicorn. Stage: Series C
Caffeinated Capital, Emily Weiss, Alexa Von Tobel
Analyst’s Pick
Workfront (2001, Lehi, $95M)
Cloud project management solution
JMI Management, Atlas Peak, Greenspring
Associates and 6 Other Investors
Mavenlink (2008, Irvine, $84M)
Project management solutions with intelligence
solutions
Goldman Sachs, Carrick Capital Partners, Silicon
Valley Bank and 2 Other Investors
Clarizen (2006, Hod Hasharon, $67M)
Work & Project management software
Goldman Sachs, DAG Ventures, Vintage Investment
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
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
TVC Capital, Alliance of Angels, SaaS Capital, Atlas
Accelerator

Market: Suite (2/4)
Analyst’s Pick
Clubhouse (2014, New York City, $15.8M)
Online Project Management Software
Battery Ventures, Resolute Ventures, Lerer Hippeau
Manage projects, clients and finances
Livonia Partners, Inventure, Tera Ventures and 2
Other Investors
Targetprocess (2004, Amherst, $5M)
EBRD, Zubr Capital, EBRD Venture Capital
Investment Programme
Forecast (2016, Copenhagen, $3.6M)
Web-based project management platform
Sunstone, Seed Capital, PreSeed Ventures
Analyst’s Pick
Manufacton (2014, Bangalore, $2.5M)
SaaS solution for prefabrication, production and
supply chain managing in the construction industry
Brick & Mortar Ventures, Autodesk, Bantam Group
Synchro Software (2001, Coventry, $2.5M)
Project Scheduling visualisation
Catapult Ventures
ProjectMap (2017, Kfar Saba, $2M)
Map-based online project management solution
Mangrove Capital Partners
Zapty (2015, Bangalore, $500k)
Project management and collaboration suite for
businesses
Ideaspring Capital
Analyst’s Pick
Tempo (2015, Reykjavik)
Resource management, project & portfolio
management, and time tracking software for
Atlassian Jira
Minicorn. Stage: Acquired
WeTrack (2013, London)
Cloud-based project management software
Minicorn. Stage: Funded
MassChallenge, Downing Ventures
Wooqer (2014, Bangalore)
Enterprise collaboration, sales automation and
operations software
Minicorn. Stage: Seed
IndusAge Partners
24SevenOfficeSupport (1997, Oslo)
Project management solution
689Cloud (2017, Hanoi)
Project collaboration and file sharing platform
Vietnam Silicon Valley

Market: Suite (3/4)
Analyst’s Pick
Ayoga (2016, Bangalore)
Cloud-based collaboration platform for project
management
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
Analyst’s Pick
elapseit (2017, Timisoara)
Project management softaware
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
Onepoint Projects (2005, Raaba)
Analyst’s Pick
Onkho (2015, London)
Project and content management for accountants
Startup Funding Club
OnTheSamePage (2015, Wellington)
Project management software integrated with
intelligence engine
Open Plan (Herndon)
Enterprise project and portfolio management
software
Project Insight (2001, Irvine)
Project management SaaS
Sinnaps (2013, Zaragoza)
Cloud-based Project management and collaboration
software
Task Aviator (2017, Noida)

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