Ģ0 years into the game, Workfront is oriented at the long-term, sustainable growth, and not eager to IPO. In 2019, the company sold a minority stake for $280 million through a secondary process, with Blake Heston, managing director at W Capital, and Martin Angert, joining Workfront’s Board of Directors. “We’re very proud to be a company that’s raised less money than our annual revenue,” Shootman said. Up until recently, Workfront had only raised $100 million, with the last round of funding in 2015. Alex Shootman, who I’ve had the pleasure to interview last February, joined the company as CEO in 2016. Workfront has 3,000 paying customers among them 50 out of 100 Fortune 100 companies.Workfront had only raised $100MM until 2019, when it agreed to a secondary investment of $280MM.
Their unique selling point is the seamless integration of those three elements.Workfront combines business communications, project/task management and content management into one platform.
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