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Smartsheet - About the company

Smartsheet is an acquired company based in Bellevue (United States), founded in 2005 by Brent Frei and Eric Browne. It operates as a Cloud based suite solutions for enterprise project management. Smartsheet has raised $121M in funding from investors like Insight Partners, Madrona Venture Group and Sutter Hill Ventures. The company has 2064 active competitors, including 180 funded and 76 that have exited. Its top competitors include companies like Notion, Asana and monday.com.

Company Details

Cloud based suite solutions for enterprise collaboration. It is a web based platform that provides spreadsheet with collaborative file sharing and discussions, visual timeline management, and automated workflow capabilities. It is used to manage different types of work including projects, programs, and business operations. The platform enables users to track and visualize the work in real time. It automates tasks and workflows.
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Key Metrics
Founded Year
2005
Location
Bellevue, United States
Stage
Acquired
Total Funding
$121M in 10 rounds
Latest Funding Round
Ranked
Annual Revenue
$958M as on Jan 31, 2024
Employee Count
2,594 as on Dec 31, 2023
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Blackstone (Sep 24, 2024)
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Smartsheet's acquisition details

Smartsheet got acquired by Blackstone and Vista Equity Partners on Sep 24, 2024 at an acquisition amount of $8.4B. It was facilitated by Qatalyst Partners, Goldman Sachs, Morgan Stanley and 3 more.
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Smartsheet's funding and investors

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Smartsheet has raised a total funding of $121M over 10 rounds. Its first funding round was on Jun 2006.

Smartsheet has 12 institutional investors including Insight Partners, Madrona Venture Group and Sutter Hill Ventures.

Here is the list of recent funding rounds of Smartsheet:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Sep 14, 2020
$31M
Post IPO
7291947
8311942
-
May 31, 2017
$52.1M
Series F
6941560
9600804
May 05, 2014
$35M
Series E
1275300
9233143
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Smartsheet's founders and board of directors

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The founders of Smartsheet are Brent Frei and Eric Browne.
Here are the details of Smartsheet's key team members:

Smartsheet's employee count trend

Smartsheet has 2,594 employees as of Dec 23. The total employee count is 3.0% lower than what it was in Dec 22. Here is Smartsheet's employee count trend over the years:
Employee count trend for Smartsheet
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Smartsheet's Competitors and alternates

Top competitors of Smartsheet include Notion, Asana and monday.com. Here is the list of Top 10 competitors of Smartsheet, ranked by Tracxn score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Notion
Notion
2013, San Francisco (United States), Series D
Provider of cloud-based enterprise collaboration and project management software for enterprises
$353M
85/100
2nd
Logo for Asana
Asana
2008, San Francisco (United States), Public
Cloud-based platform offering project management software
$453M
79/100
3rd
Logo for Smartsheet
Smartsheet
2005, Bellevue (United States), Acquired
Cloud based suite solutions for enterprise project management
$121M
78/100
4th
Logo for monday.com
monday.com
2012, Tel Aviv (Israel), Public
Cloud-based platform offering suite solutions for project management
$235M
76/100
5th
Logo for Clickup
Clickup
2016, Palo Alto (United States), Series C
Cloud based project management platform
$535M
75/100
6th
Logo for Airtable
Airtable
2013, San Francisco (United States), Series F
Cloud and AI based low code workflow and app development platform
$1.35B
75/100
7th
Logo for Trello
Trello
2011, New York City (United States), Acquired
Cloud-based enterprise collaboration platform for project management
$10.3M
74/100
8th
Logo for BigTime
BigTime
2002, Chicago (United States), Series C
Cloud based platform offering software for time tracking
$117M
70/100
9th
Logo for Anaplan
Anaplan
2006, San Francisco (United States), Acquired
Platform ofefring operational planning and forecasting solutions for businesses
$300M
68/100
10th
Logo for Upland
Upland
2010, Austin (United States), Acquired
Provider of cloud-based software solutions for various business functions
$31.4M
67/100
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Smartsheet's Investments and acquisitions

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Smartsheet has not made any investments yet. Smartsheet has made 5 acquisitions. Here is the list of latest three $acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Sep 01, 2022
Acquisition
2013
Brisbane, Australia
Aug 24, 2020
Acquisition
2012
Jan 15, 2019
Acquisition
2014
Seattle, United States
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Reports related to Smartsheet

Here is the latest report on Smartsheet's sector:

News related to Smartsheet

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Media has covered Smartsheet for a total of 69 events in the last 1 year, 14 of them have been about company updates and 11 about people movement.
Smartsheet & PwC UK Collaborate for Business TransformationBusiness WireJun 03, 2025Smartsheet, PwC
Smartsheet Unveils Smartsheet Regions AustraliaBusiness WireMay 28, 2025Smartsheet
Ontra Appoints Todd Doherty as Chief Revenue OfficerAiThorityApr 01, 2025Ontra, Smartsheet
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