Fenwick & West LLP represented Smartsheet.com, Inc., a leading SaaS company that offers businesses an intuitive collaboration and work management tool, in its recently announced $35 million financing. The round was led by Sutter Hill Ventures, and included existing investors Insight Venture Partners and Madrona Venture Group. As part of the financing, Jim White of Sutter Hill Ventures will join the Smartsheet.com board of directors.
The company will use the new funds to fuel the expansion of the spreadsheet-inspired tool and capitalizes on the momentum of wide-scale adoption, especially within large enterprises. More information about Smartsheet.com’s $35M financing can be obtained from the company press release.