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Smartsheet Announces $26 Million in Venture Funding

As anyone I work with knows, I am a huge fan of Smartsheet.com, Inc. and its cloud-based collaboration solution. Verdiem’s Chris Baker, vice president of marketing, and John Scumniotales, president, introduced me to Smartsheet in November 2011. John, one of the founders of Scrum – the most widely adopted method for agile software development – is all about making sure his team is collaborating in the most effective and efficient method possible.

At first, I’ll admit that I was reluctant to use Smartsheet. Oftentimes, collaboration tools take so much time to learn how to use that they end up decreasing productivity. However, once I tried it, I was hooked – an experience any Smartsheet user can relate to.

Shortly after my initial experience with Smartsheet, Communiqué began using the Smartsheet tool with each and every one of our clients. The sheets allow us to track key action items, clearly denote owners and deadlines for completing work, and much more. In addition to internal collaboration, we use Smartsheet with our clients so they have visibility into the work we have underway. The Smartsheet solution has truly been a game changer for our business.

Given this, I was thrilled when we received a call from Jodi Sorensen, head of marketing for Smartsheet, asking if we wanted to help with the company’s funding announcement. We quickly got to work, and on December 3, Smartsheet announced it secured $26 million from Insight Venture Partners and Madrona Venture Group. To see the full announcement, click here.

The Smartsheet funding announcement received significant media interest. There were more than 15 articles in print publications, and Insight Venture Partners’ Managing Director Deven Parekh shared information about Smartsheet in a broadcast interview with Bloomberg Television’s “Money Moves with Dierdre Bolton.”

Below we have included links to the articles highlighting details about the significance of this announcement and the Smartsheet platform.

For more on Smartsheet, please check out the following: