See the monetization of tasks
AtTask, a company that vends a collaboration and workflow service for enterprise-level customers, has raised a fresh $38 million in capital, led by JMI Equity. The fund did see participation from prior investor Greenspring Associates in the round.
The influx of capital rivals the firm’s prior raises. According to CrunchBase, AtTask had previously raised a total
$37 million over several rounds (I made an error here misreading the information. The company had previously raised $24 million).
AtTask joins a number of companies that sell SaaS products to large customers that are raising large sums. Recently Dropbox and Box raised huge sums, $100 million and $250 million apiece. The market dynamic is simple: Companies that are selling subscription cloud services to large enterprises are ensconced in a fast-growth phase and are raising enough outside capital to push their numbers forward.
As a firm, AtTask is growing quickly, according to numbers it…
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