Clarizen, founded in 2006 and led by CEO Avinoam Nowogrodski, provides cloud-based enterprise-class work collaboration and project management solutions that connect social context with tasks and projects. The company is based in San Mateo, California and Hod Hasharon, Israel. Clarizen has more than 2,000 customers in 76 countries. It will use the funds to expand globally, focusing on customer success, including onboarding and support, and to continue product innovation to support the enterprise market. The company has now raised $90M in total and recently closed a $35M Series F venture round. Clarizen provides online project-management tools for teams and businesses. It has expanded its product with an Android app and Clarizen Anywhere, a browser plugin and Outlook add-on. The company reports rapid growth, adding more than 100 new customers per month and revenue up 300% year-over-year in 2011. Clarizen says it does not currently plan to raise more venture capital, though that could change depending on growth needs. To date it has raised a total of $49 million in venture funding. Clarizen offers an online collaborative project and work management platform that centralizes project, resource and employee work details. The product is aimed at businesses that need to manage multiple projects and resources from a single, centralized online system. The company reports more than 1,000 organizations use its platform and has experienced 400% year-over-year growth. Clarizen intends to use its new funding for new product development, global expansion, business development, and sales and marketing initiatives. The current traction and growth metrics suggest strong commercial adoption among enterprise customers. Clarizen provides collaborative online work and project management software that lets businesses manage projects and resources in a single, online environment. The company says its products are now in use by over 500 customers. In 2009 Clarizen reported sales grew more than 400% year-over-year and it added more than 100 customers in Q3 alone. The extra financing will be used to expand its marketing and sales operations. Clarizen was founded in 2005 and has raised a total of $24 million in venture capital to date. Clarizen is a web-based project management and collaboration tool designed for non-project managers and operational/functional managers. It emphasizes collaborative planning and execution, letting team members and external contractors enter and update tasks independently while giving project owners a unified view. Key features include activating only ready portions of a project, switching portions back to draft, pausing and replanning tasks, an included partner license per company subscription, and email-based task updates that require no login. The company has been selling its solution for about a year and reports over 200 customers, with current contract closures predominantly for 12-month terms. Clarizen has raised $15M in funding. As part of its marketing, the company offered five free one-year subscriptions to TechCrunch readers and a promotional free subscription for purchasers who mention the TechCrunch post.

Total raised

$82M

Funding rounds

5

Latest round

Series F

Latest activity

May 2014