Clarizen Raises $35M in Funding for SaaS-based Collaboration Platform

Clarizen announced Wednesday it had closed a $35 million investment round that will bring the company’s total financing to date to $90 million.

The Series F funding round was led by Goldman Sachs & Co., with participation from existing investors, including Benchmark Capital, Carmel Ventures, DAG Ventures, Opus Capital and Vintage Investment Partners.

The cloud-based work collaboration company said it plans to use the additional funding to expand global market share, focus on customer success and continue product innovation.

“Enterprise work collaboration is transforming the way global organizations succeed and Clarizen is leading enterprises into 21st century decision-making and execution,” Clarizen CEO Avinoam Nowogrodski said in a statement.

Additionally, Clarizen, based in San Mateo, Calif., appointed Hillel Moerman, who is co-head of Goldman Sachs’ Private Capital Investing group, to its board of directors. The company tapped Holger Staude, also a member of PCI, as board observer.

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