WorkBoard is an enterprise software company that helps organizations manage strategy, OKRs, and business results. The company has raised significant venture funding from major technology and investment firms. The workboard funding rounds include Seed, Series A, Series B, Series C, and Series D financing. Its largest disclosed round was a $75 million Series D in 2021.
What Is WorkBoard?
WorkBoard is a SaaS company based in Redwood City, California. It provides tools that help businesses connect strategy with execution and track important objectives. Its platform is designed for large organizations managing teams, goals, and business performance.
WorkBoard Funding Rounds
The workboard funding rounds show the company’s growth from early-stage financing to large institutional investments. Public databases report slightly different totals because they categorize some transactions differently. Dealroom lists funding from 2014 through the $75 million Series D in 2021.
Early WorkBoard Funding
WorkBoard began raising outside capital soon after its launch. Dealroom lists a $2.8 million seed round in February 2014, followed by a $1.5 million convertible round in May 2015. These investments helped the company develop its product and expand its enterprise business.
WorkBoard Series A
In December 2017, WorkBoard announced a $9.3 million Series A funding round. Floodgate and Microsoft Ventures participated alongside existing investors. WorkBoard said the funding would support sales, marketing, and further development of its strategy-management technology.
WorkBoard Series B
WorkBoard raised $23 million in Series B funding in March 2019. Investors included Floodgate, GGV Capital, M12, Workday Ventures, and Opus Capital. The new capital supported the company’s continued expansion and enterprise customer growth.
WorkBoard Series C
The company raised $30 million in Series C funding in January 2020. Andreessen Horowitz led the round, while GGV Capital, M12, and Workday Ventures also participated. WorkBoard said its sales had tripled during 2019, highlighting strong demand for its enterprise results platform.
WorkBoard Series D
WorkBoard announced its largest major funding round in May 2021. The company raised $75 million in Series D funding, led by SoftBank Vision Fund 2. Existing investors and new backers, including Capital One Ventures, SVB Capital, and Intel Capital, also participated.
WorkBoard Investors
WorkBoard has attracted several well-known venture and corporate investors over its funding history. These investors have supported the company across multiple financing stages.
- SoftBank Vision Fund
- Andreessen Horowitz
- GGV Capital
- M12, Microsoft’s venture fund
- Workday Ventures
- Floodgate
- Opus Capital
- Capital One Ventures
- Intel Capital
- SVB Capital
Several of these investors participated in multiple rounds, showing continued confidence in WorkBoard’s business and enterprise software market.
WorkBoard Valuation
WorkBoard’s private-company valuation has changed significantly over time. CB Insights reports a $230 million valuation in January 2020. TechCrunch reported that the company’s Series D in 2021 valued WorkBoard at approximately $800 million post-money.
How Much Has WorkBoard Raised?
Funding databases provide slightly different totals for WorkBoard. CB Insights reports $140.05 million across six fundings, while other databases use different transaction classifications. The four major rounds from Series A through Series D alone total approximately $137.3 million.
WorkBoard Funding Timeline
This timeline combines publicly available funding information from WorkBoard and major funding databases. Individual databases may show slightly different totals because they classify financing events differently.
| Year | Round | Amount | Major Investors |
| 2014 | Seed | $2.8M | Opus Capital, Granite Ventures |
| 2015 | Convertible | $1.5M | Not disclosed |
| 2017 | Series A | $9.3M | Floodgate, M12 |
| 2019 | Series B | $23M | GGV, M12, Workday Ventures |
| 2020 | Series C | $30M | Andreessen Horowitz |
| 2021 | Series D | $75M | SoftBank Vision Fund |
Why WorkBoard’s Funding Matters
WorkBoard’s funding history reflects growing investor interest in enterprise strategy and results-management software. Its financing increased substantially from early rounds to the $75 million Series D. The company also attracted both traditional venture capital firms and strategic corporate investors.
What Made WorkBoard Attractive to Investors?
WorkBoard focuses on a business problem faced by large organizations: keeping teams aligned with company strategy. Its platform combines strategy management, OKRs, business reviews, and performance tracking. This enterprise-focused approach helped the company attract investors with experience in large-scale technology markets.
Latest Major Funding Round
The latest major publicly announced funding round was the $75 million Series D in May 2021. SoftBank Vision Fund 2 led the investment, with several existing and new investors joining the round. WorkBoard said the funding would support platform development, customer community growth, and sales and marketing expansion.
WorkBoard’s Growth After Funding
WorkBoard has continued developing its strategy execution platform after its major funding rounds. The company has expanded its technology with new strategy, collaboration, and AI capabilities. Its continued product development shows how the funding has supported long-term innovation and enterprise growth.
WorkBoard’s Product Development
WorkBoard has continued investing in its platform as enterprise demand for strategy execution tools has grown. The company introduced new strategy and collaboration features in 2023 and later expanded its platform with generative AI capabilities. These developments show how the company has continued building its technology beyond its major funding rounds.
Conclusion
The workboard funding rounds show a clear progression from early startup financing to major institutional investment. WorkBoard raised $9.3 million in Series A, $23 million in Series B, $30 million in Series C, and $75 million in Series D. Its investor group includes major names such as SoftBank, Andreessen Horowitz, GGV Capital, M12, and Workday Ventures, making WorkBoard an interesting example of growth in enterprise software.
FAQs About WorkBoard Funding
How much funding has WorkBoard raised?
CB Insights reports approximately $140.05 million across six funding rounds.
What was WorkBoard’s largest funding round?
WorkBoard’s largest announced round was its $75 million Series D in 2021.
Who led WorkBoard’s Series D?
SoftBank Vision Fund 2 led WorkBoard’s $75 million Series D round.
What was WorkBoard’s valuation in 2021?
WorkBoard’s Series D valued the company at approximately $800 million post-money.
Who are WorkBoard’s major investors?
Major investors include SoftBank, Andreessen Horowitz, GGV Capital, M12, Workday Ventures, Floodgate, and several corporate investment firms.
