SmartSuite Raises $38M for Enterprise Collaboration

- SmartSuite raises $38 million in funding
- Platform combines project management, process management, and document management
- 200 templates for common workflows and integrations with 5,000 applications
- 50,000 users from 5,000 businesses, including Apple Bank and UCLA
- 300% growth in the last year
- Founders have a background in risk management, having sold previous company for $200 million
SmartSuite's founders, Jon and Tara Darbyshire, and Peter Novosel, have a background in risk management, having sold their previous company, Archer Technologies, to EMC for $200 million. They bootstrapped SmartSuite with $25 million before raising an additional $13 million in a Series A round led by Canapi Ventures. The platform combines project management, process management, and document management, with 200 templates for common workflows and integrations with 5,000 applications. SmartSuite has seen 300% growth in the last year, with customers including Apple Bank, Credit One Bank, and UCLA. The new funding will be used for recruitment, including a formal marketing team, as the company looks to expand its reach.