About Smartsheet
Smartsheet is a company based in Bellevue (United States) founded in 2005 was acquired by Blackstone in September 2024.. Smartsheet has raised $120.59 million across 10 funding rounds from investors including Blackstone, Insight Partners and Madrona. Smartsheet has completed 5 acquisitions, including Brandfolder, Converse AI and Kpktoto. Smartsheet operates in a competitive market with competitors including Notion, Asana, monday.com, Clickup and Airtable, among others.
- Headquarter Bellevue, United States
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120.59 M (USD)
in 10 rounds
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Latest Funding Round
$31 M (USD), Post-IPO
Sep 14, 2020
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Investors
Blackstone
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Brandfolder
& 4 more
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Acquired by
Blackstone
(Sep 24, 2024)
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Software Development Team
104 people
Sales and Marketing
84 people
Leadership Team
84 people
Product Management Team
67 people
Operations Team
28 people
Senior Team
28 people
Finance and Accounting
26 people
Sr. Team
21 people
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Funding Insights of Smartsheet
Smartsheet has successfully raised a total of $120.59M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $31 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $31.0M
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First Round
First Round
(01 Jun 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Post-IPO - Smartsheet | Valuation |
investors |
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| May, 2017 | Amount | Series F - Smartsheet | Valuation | Insight Partners | |
| May, 2014 | Amount | Series E - Smartsheet | Valuation | Sutter Hill Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Smartsheet
Smartsheet has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Blackstone, Insight Partners and Madrona. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Smartsheet
Smartsheet has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Brandfolder, Converse AI and Kpktoto. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Natural language chatbots for conversations are enabled by the platform.
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2015 | ||||
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Content production management software is provided for collaboration and workflows.
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2014 | ||||
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Creates and manage video content
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Smartsheet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smartsheet Comparisons
Competitors of Smartsheet
Smartsheet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Notion, Asana, monday.com, Clickup and Airtable, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified smart home products including hubs and sensors are provided.
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| domain | founded_year | HQ Location |
Cloud-based project management software is offered for teams.
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| domain | founded_year | HQ Location |
Cloud-based platform for project management and team tracking is offered.
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| domain | founded_year | HQ Location |
Cloud based project management platform
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| domain | founded_year | HQ Location |
Cloud and AI based low code workflow and app development platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smartsheet
Frequently Asked Questions about Smartsheet
When was Smartsheet founded?
Smartsheet was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Smartsheet located?
Smartsheet is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Who is the current CEO of Smartsheet?
Mark Mader is the current CEO of Smartsheet.
Is Smartsheet a funded company?
Smartsheet is a funded company, having raised a total of $120.59M across 10 funding rounds to date. The company's 1st funding round was a Series E of $35M, raised on Jun 01, 2006.
What does Smartsheet do?
Smartsheet was founded in 2005 and is headquartered in Bellevue, United States. A web-based platform is operated in the enterprise software sector, where spreadsheet tools are integrated with collaborative file sharing, discussions, visual timeline management, and automated workflows. Projects, programs, and business operations are managed through this system. Real-time tracking and visualization of work are supported, alongside task automation for efficiency.
Who are the top competitors of Smartsheet?
Smartsheet's top competitors include monday.com, Clickup and Airtable.
How many acquisitions has Smartsheet made?
Smartsheet has made 5 acquisitions, including Brandfolder, Converse AI, and Kpktoto.
Who are Smartsheet's investors?
Smartsheet has 6 investors. Key investors include Blackstone, Insight Partners, Madrona, Sutter Hill Ventures, and Summit Partners.
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