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    • July 24th, 2012 04:30 PM

    Asana Has Raised $38 Million Of Investments

    The Silicon Valley’s start-up Asana managed to raise its capital up to $38 million. The company is considering to spend a considerable part of invested money on the development of interaction between its clients and the company’s employees. Apart from that Asana’s co-founders want the company to become a good alternative to a lot of technologies.

    A Silicon Valley start-up Asana claimed that in the result of the recent financing round the company hold it got $28 million. Peter Thiel, PayPal’s co-founder, is an investor.

    Unofficial sources report that the workplace-collaboration company was valued at $280 million.

    Commenting on the matter, Justin Rosenstein, Asana’s co-founder, said that owing to this investment the company will be able to hire the best engineers and designers. He also noted that he is going to assist the company realize its aim, which is to make interaction between the company’s employees and its clients much easier.

    Previous year Asana introduced the free version of the company software, intended use of which is to make the process of collaboration on projects easier. At the beginning of this year the company launched a premium service for its clients. Asana didn’t reveal the earning power of the company; however it said that the premium service rings the bell with hundreds of their users.

    Asana’s co-founders Peter Rosenstein and Dustin Moskovitz are former Facebook’s employees. As an aside, Mark Zuckerberg was working on the creation of Facebook with Moskovitz in their room at Harvard hostel. But despite this, Asana doesn’t bear any relation to Facebook.

    Co-founders of Asana are planning that in the near future their company will be a good alternative to in-person meetings, email and physical whiteboards and a lot of other well-known technologies.

    Taking into account the recent Asana’s funding round, the company has now raised $38 million of investments. Among the most influential investors are Andreessen Horowitz and Benchmark Capital.

    Peter Thiel became acquainted with Rosenstein and Moskovitz when the latter were the part of Facebook’s team and Thiel himself was one of the social network’s investors. Peter Thiel started to back up Asana from the very first days of its existence. Currently, his Founders Fund is constantly investing in the company and Thiel is preparing to become a member of Asana’s Board of Directors.

    Every month the user base of Facebook is filled up with 901 million people; previous year the company’s revenue was $3.7 billion. But IPO Facebook took part in May of this year significantly shattered the investors’ confidence in social networking site.

    Many investors assume that due to Facebook’s disastrous IPO start-ups will have to sell their shares at knock-down price.
    Some of Facebook’s employees left the company in order to start their own businesses.

    Now former chief technology officer Bret Taylor claimed in June, 2012, he was leaving to start his venture.
    Dave Morin joined the team of social networking site in 2008, but his collaboration with Facebook was not so long. In 2010 he left the company and founded a social networking site Path. Charlie Cheever and Adam D’Angelo left Facebook in 2009 and started a question-and-answer website called Quora. By the way, Peter Thiel is also investing in Quora.

    Chris Hughes, one more co-founder of Facebook, left the company a few years ago. Nowadays Hughes is the owner of the New Republic magazine.

    Bizzteams.com

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