# Smartsheet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartsheet

- Industry: Software
- Headquarters: Bellevue, US
- Website: www.smartsheet.com/
- Total disclosed funding: $111M
- Latest round: Series F (May 19, 2017)
- Investors on record: 4

## About

Founded in 2005 by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei, Smartsheet Inc. operates from its headquarters in Bellevue, US. The company specializes in a work management platform that integrates project management and workflow automation. In September 2024, a consortium comprised of Blackstone Group, Abu Dhabi Investment Authority and Vista Equity Partners agreed to fully acquire Smartsheet Inc. for approximately USD 8.4 billion in cash, or USD 56.50 per share, in a public to private transaction. The transaction was completed in January 2025 and the company was delisted from the New York Stock Exchange. The deal values the company at USD 8.07 billion and generated revenue of USD 286.87 million in 2024.Smartsheet offers an enterprise-grade work management platform powered by artificial intelligence, enabling optimized project management, workflow automation, and enhanced collaboration. Its core product integrates various functions, serving a broad client base across industries, including technology, healthcare, and education. Services include customizable templates for project planning and event management, meeting diverse organizational needs across North America, Europe, and Asia.In the most recent fiscal year 2024, Smartsheet reported a revenue of USD 958.34 mn, with an EBITDA loss of USD 39.68 mn. The company's revenue model is subscription-based, catering to businesses and organizations of various sizes, with tailored plans for project and portfolio management.Smartsheet's growth strategy includes the development of new product offerings and expansion into additional geographic markets. Smartsheet's growth strategy includes the development of new product offerings and expansion into additional geographic markets. Following their recent funding round, the company plans to to support its next stage of growth and expand service offerings.

## Funding rounds

- Series F, May 19, 2017, $52M — Summit Partners, Insight Partners, Sutter Hill Ventures, Madrona Venture Group
- Series E, May 5, 2014, $35M — Insight Partners, Sutter Hill Ventures, Madrona Venture Group
- Series D, Dec 3, 2012, $18M — Insight Partners, Madrona Venture Group
- Series C, Sep 24, 2012, $1M — Madrona Venture Group
- Series C, Sep 15, 2010, $1.5M — Madrona Venture Group
- Series B, Jan 15, 2009, $1.3M — Madrona Venture Group
- Series A, May 12, 2007, $2.7M — Madrona Venture Group

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A, Series B, Series C, Series D, Series E, Series F
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D, Series E, Series F
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series E, Series F
- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series F