Software Maker ClickUp Reaches $1 Billion Value in Funding Round

Workplace productivity software startup ClickUp was valued at $1 billion in a $100 million investment, roughly five times its valuation in a funding round earlier this year.

The new round was led by Georgian, a Canadian venture capital firm, with participation from Craft Ventures, which had invested earlier, too. San Diego-based ClickUp is one of several workplace software companies whose growth has accelerated because of remote work during the coronavirus pandemic.

ClickUp sees itself as a competitor to companies such as Asana Inc., Wrike Inc. and Airtable. Its clients include Nike Inc., Uber Technologies Inc. and Airbnb Inc., which ...