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Asana, Inc. (ASAN) (2008 – ) – Status: IPO

Team task management tool developer

Asana, Inc. (NYSE: ASAN) was founded in 2008 and is headquartered in San Francisco, California, USA. It has 701 full-time employees. It is an information technology company and a developer of team task management tools. Its goal is to make itself an alternative A more efficient team task collaboration tool for mailboxes. Asana , like Palantir, will also be listed on the New York Stock Exchange through a direct listing.

Team task management tool developer: Asana, Inc. (ASAN)

Asana, Inc. (ASAN) US stock encyclopedia:

Dustin Moskovitz left Facebook in 2008 and has since devoted himself to Asana. Of course, most of Dustin A. Moskovitz’s wealth still comes from Facebook. Justin Rosenstein is another co-founder of Asana and an early employee of Facebook. Now, together with Dustin Moskovitz, the two have created their own glory.

Asana is a web and mobile application designed to improve the way teams communicate and collaborate. When Dustin Moskowitz left Facebook in 2008 and was with Justin at Facebook , they worked together to improve the productivity of their employees. Asana is now used by thousands of teams, including companies such as TwitterPinterest , Abercrombie & Fitch , Foursquare, DropboxLinkedIn , Disqus, Airbnb, Rdio, AdParlor, Flapps, GDG on Shanghai, Time Inc., TECH2IPO, Uber and Entelo .

In the current market, Asana’s competitors include SlackMicrosoft and Trello (Slack is also listed in 2019 by direct listing).

The key to Asana’s ability to stand out from many start-ups in Silicon Valley lies in its philosophy-to advocate convenient and efficient working methods for workers who are trapped in the chaotic and disorderly online world. Although there are a large number of communication tools such as Skype, WeChat, and WhatsApp on the market, overloaded communication can hurt competitiveness. Even if communication can be improved, it is not used to focus and coordinate tasks.

Asana, Inc. (ASAN) Prospectus:

  • As of January 31, 2020, Asana’s fiscal year revenue was US$143 million, compared with US$76.77 million in the same period last year; revenue for the three months ended April 30, 2020 was US$47.71 million. Revenue for the same period was $2,797.
  • As of January 31, 2020, Asana’s net loss for the fiscal year was US$118.6 million, compared with a net loss of US$50.928 million in the same period last year; Asana’s net loss for the three months ended April 30, 2020 was US$35.85 million. The net loss for the same period last year was $14.95 million.
  • Before the IPO, Dustin Moskovitz held 9.7% of Class A shares and 39.3% of Class B shares, with 39% of the voting rights; Eleanor Lacey owned 2.5% of Class A shares; Tim Wan owned 10.1% of Class A shares, and Justin Rosenstein owns 3.5% of Class A shares and 17.7% of Class B shares, with 17.5% voting rights. Benchmark Capital Partners VI, LP has 10.4% of Class B shares and 10.3% of voting rights; Generation IM Climate Solutions Fund II, LP has 7.2% of Class B shares and 7.2% of voting rights; Entities affiliated with The Founders Fund There are 6.5% of Class B shares and 6.4% of voting rights.

Asana, Inc. (ASAN) Financing Encyclopedia:

  • On September 1, 2008, the seed round of financing, Asana received the exclusive investment of SV Angel.
  • On April 1, 2009, as an angel round of financing, Asana received $1.2 million in funding from 14 institutions.
  • On November 24, 2009, in Series A financing, Asana received $9 million from Andreessen Horowitz and Benchmark.
  • On July 23, 2012, in Series B financing, Asana received a lead investment from Founders Fund, and a $28 million investment from Andreessen Horowitz and Benchmark.
  • On March 30, 2016, in the C round of financing, Asana received a lead investment from Y Combinator, and 15 institutions followed up with a $50 million investment.
  • On January 31, 2018, in the D round of financing, Asana received a lead investment from Generation Investment Management, and $75 million in funding from Founders Fund, 8VC, and individual investors Sam Altman and Dustin Moskovitz.
  • On November 29, 2018, in the E round of financing, Asana received a lead investment of Generation Investment Management, and 5 institutions including Founders Fund, 8VC, World Innovation Lab (WiL), and Lead Edge Capital followed up with a US$50 million investment.
  • On February 1, 2020, Asana received investment from G Squared in the secondary market.
  • On June 1, 2020, Asana received funding from Manhattan Venture Partners in the secondary market.
  • On June 6, 2020, debt financing, Asana received an investment of 200 million US dollars.

Asana, Inc. (ASAN) US stock investment:

Asana, Inc. (NYSE: ASAN) plans to go public on the New York Stock Exchange on 9/30/2020 IPO, and plans to adopt a “direct listing” method for IPO, and the issue price is set by the market.

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