Workboard Valuation, Funding & Investors

Workboard is valued at $800M as of May 2021.

Last Workboard valuation

$800M

Series D · May 2021

Last Workboard funding round

$75M

Series D · May 2021

Cumulative funding Workboard raised

$142M

across 6 funding rounds

Key investors in Workboard

  • M12
  • Notable Capital
  • Workday Ventures
  • Opus Capital
  • Cherry Tree Investments
  • Andreessen Horowitz

Workboard Overview

About Workboard

Workboard is an enterprise SaaS platform for strategy alignment using OKRs and FAST goals. Redwood City-headquartered and founded in 2013, it automates business reviews, provides analytics, and ensures execution transparency across organizations.


Founded

2013

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$800M (May 2021)

Workboard Valuation

Workboard is currently valued at $800M, based on its Series D in May 2021.

The $75M round was led by SoftBank Group, with participation from SVB Capital, Andreessen Horowitz, Capital One Ventures, Workday Ventures, M12 and 2 other investors.

Workboard valuation by funding round

Workboard valuation by funding round
DateStageValuation
May 2021Series D$800M

Workboard Funding History

Workboard has raised a total of $142M across 6 funding rounds.

Workboard's first fundraising round was a $3M seed round in February 2014. The most recent completed round was a $75M Series D in May 2021.

Workboard funding rounds

Workboard funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series DSoftBank Group (lead); SVB Capital; Andreessen Horowitz; Capital One Ventures; Workday Ventures; M12; Intel Capital; Notable Capital$75M$800MWorkBoard, founded in 2013 and based in Redwood City, California, provides an Enterprise Results Platform for managing OKRs (Objectives and Key Results), automating business reviews, and driving alignment, focus, and transparency in organizations. The platform supports strategy execution, digital operating rhythms, and integrations with tools like Microsoft Teams, serving large enterprises such as AstraZeneca, Microsoft, Cisco, Workday, IBM, 3M, VMware, Walmart, Ford, Humana, Boeing, and UBS. It also offers OKR coaching and Outcome Mindset Methodology, with over 10,000 certified coaches. On May 4, 2021, WorkBoard raised $75 million in a Series D growth funding round led by SoftBank Vision Fund 2, with participation from existing investors Andreessen Horowitz, GGV Capital, Workday Ventures, and M12 (Microsoft’s venture fund), plus new investors Capital One Ventures, SVB Capital, and Intel Capital. The funds were allocated to platform development, customer community building, and expansion of sales and marketing efforts to accelerate enterprise adoption amid remote and hybrid work trends. Around the 2021 timeframe, WorkBoard demonstrated strong growth, ranking No. 162 on the 2021 Deloitte Technology Fast 500 with 829% revenue growth from 2017 to 2020, driven by expanding adoption among existing customers and new high-growth firms like Zendesk, Zuora, Toast, and Guild. Earlier, in a 2018 Series B, it reported 3.1x total revenue growth and 3.5x new ARR growth over the prior year. WorkBoard's traction includes hundreds of enterprise customers and a focus on linking long-range strategy with quarterly OKRs, simplifying reviews, and leveraging analytics for agility. Total funding reached approximately $130.8 million across rounds, positioning it competitively in the OKR and strategy execution software market.
Jan 2020Series CAndreessen Horowitz (lead); Workday Ventures; M12; Notable Capital$30M-Workboard is a pioneer in business results management solutions, offering an Enterprise Results Platform for OKR and strategic planning adopted by large enterprises like Cisco, Microsoft, IBM, Juniper, and Zuora. The platform drives growth through higher alignment, transparency, and accountability, with additional services like OKR Coach Certification. In January 2020, Workboard raised a $30 million Series C round led by Andreessen Horowitz, with participation from M12, Notable Capital, and Workday Ventures, following prior rounds including a $23 million Series B and $10 million Series A. The funding came after tripling sales in 2019, building on 3.5x ARR growth in 2018 post-Series A. CEO Deidre Paknad noted efficient operations with sales cycles under 60 days, average deal sizes several hundred thousand dollars that more than doubled since early 2019, and $2 in new ARR generated per $1 in sales and marketing spend. Post-round traction accelerated in 2020 with 24 new customers and expansions in 27 existing ones in Q3 alone, sustaining high NPS ratings.
Mar 2019Series BNotable Capital (lead); Workday Ventures; Floodgate; M12; Opus Capital$23M-WorkBoard is an enterprise software platform focused on objectives and key results (OKRs) and organizational operating rhythm. The company provides OKR coaching services, certification programs, and platform tools to help enterprises define, align, and manage strategic outcomes. Notable customers include Comcast, Microsoft, Cisco, Workday, Zuora, and others. In March 2019, WorkBoard raised $23 million in Series B funding led by Notable Capital, with participation from existing investors. The round marked a period of significant growth: the company tripled sales in 2019, expanded its engineering and sales teams five-fold, and increased its client services team ten-fold. The company had previously raised $2.75 million in seed funding in February 2014 and $9.3 million in Series A in December 2017, bringing total funding to $35 million before the Series B. Following Series B, WorkBoard continued its momentum, raising $30 million in Series C in January 2020 (valuation: $230M) and $75 million in Series D in May 2021 (valuation: $800M).
Dec 2017Series AFloodgate (lead); M12 (lead); Cherry Tree Investments$9M-WorkBoard is an active strategy management software platform that helps enterprises set, align, and track objectives and key results (OKRs). The company provides a SaaS solution enabling organizations to iterate on strategic priorities, activate strategies across teams, measure progress objectively, and augment planning with machine learning insights. Founded in 2013 and based in Redwood City, California, WorkBoard raised a $9.3 million Series A in December 2017 led by new investors Floodgate and Microsoft Ventures, along with existing investors. This round followed a prior $2.75 million seed round, bringing total funding to $12.1 million at the time. The investment was intended to accelerate sales and marketing as enterprises sought tools to operationalize strategy at market speed. Following the Series A, WorkBoard demonstrated strong growth, achieving 3.5x ARR growth in 2018 and tripling ARR again in 2019, with CEO Deidre Paknad reporting the company had built a hyper-efficient enterprise sales cycle closing deals in under 60 days with average deal sizes in the several hundred thousand dollar range.
May 2015SeedCherry Tree Investments; Rock Creek Capital; Opus Capital$2M--
Feb 2014SeedGranite Ventures (lead); Opus Capital (lead); Cherry Tree Investments; Shea Ventures; Crosslink Capital$3M-Workboard, a provider of execution intelligence applications for enterprise managers, completed a $2.75 million Series A financing on February 25, 2014. Granite Ventures and Opus Capital co-led the investment, with participation from Crosslink Capital and Shea Ventures. The company planned to use the capital to accelerate product development and grow its customer base. Its initial goal and status reporting application was in private beta at the time.

Who has invested in Workboard?

15 investors have backed Workboard across its funding rounds, including M12, Notable Capital, Workday Ventures, Opus Capital, Cherry Tree Investments and Andreessen Horowitz.

Lead investors include SoftBank Group, Andreessen Horowitz, Notable Capital, Floodgate, M12 and 2 other investors.


Workboard Investors

Investors in Workboard by funding rounds participated
InvestorHQRoundsRoleFirst check
M12United StatesUnited States4LeadDec 2017
Cherry Tree InvestmentsUnited StatesLos Angeles, CA3ParticipantFeb 2014
Workday VenturesUnited StatesSan Francisco, CA3ParticipantMar 2019
Opus CapitalUnited StatesSan Francisco, CA3LeadFeb 2014
Notable CapitalUnited StatesSan Francisco, CA3LeadMar 2019
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadJan 2020
FloodgateUnited StatesSan Francisco, CA2LeadDec 2017
SVB CapitalUnited StatesSan Francisco, CA1ParticipantMay 2021
SoftBank GroupJapanTokyo1LeadMay 2021
Capital One VenturesUnited StatesSan Francisco, CA1ParticipantMay 2021
Granite VenturesUnited StatesSan Francisco, CA1LeadFeb 2014
Shea VenturesUnited StatesLos Angeles, CA1ParticipantFeb 2014
Crosslink CapitalUnited StatesSan Francisco, CA1ParticipantFeb 2014

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Acquisitions by Workboard

Workboard has acquired 1 company to date.

Last acquisition by Workboard was on May 28th 2025. Workboard acquired Quantive for undisclosed valuation.


Latest Acquisitions by Workboard

Quantive
Description
Quantive is a strategy execution platform built on OKR methodology. Denver-headquartered, the company equips enterprises, nonprofits, startups, and governments with tools for goal alignment, progress tracking, and performance dashboards. It integrates with Jira, Slack, and Microsoft Teams for real-time updates on strategic initiatives. Quantive supports over 2,000 customers worldwide, including Adobe and IBM, facilitating quarterly planning cycles and cross-functional visibility in remote work environments.
HQ CountryUnited States
HQ City
Denver, CO
Deal Date28 May 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Workboard Competitors

Workboard competitors include listed companies like Planisware and GetBusy, and private ones like Planhat, Cortex, Lightmetrics and LinkSquares.

Public and private companies comparable to Workboard
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PlanhatSwedenStockholmPrivate--$564M-
CortexUnited StatesSan Francisco, CAPrivate--$470M-
LightmetricsIndiaBangalorePrivate--$457M-
PlaniswareFranceFrancePublicly listed$228M$78M$1.9B6.7x
GetBusyUnited KingdomUnited KingdomPublicly listed$30M$2M$61M2.0x
LinkSquaresUnited StatesBoston, MAPrivate$20M-$800M40.0x

Workboard Public Comps

Workboard is still privately-owned, but its public comps include Foxit Software, WingArc1st, Similarweb, Beijing Join-Cheer, Cybozu, Cognyte Software, McMillan Shakespeare, RWS Holdings, Plus Alpha Consulting and Latent View Analytics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Foxit Software$159M$13M3.4x3.0x39.8x19.8x
WingArc1st$199M$70M3.5x3.3x10.0x10.5x
Similarweb$283M($15M)2.5x2.3x(48.6x)26.2x
Beijing Join-Cheer$386M$11M1.9x-68.9x-
Cybozu$241M$84M3.4x3.1x9.8x9.2x
Cognyte Software$400M$21M1.5x1.4x27.6x9.8x
McMillan Shakespeare$336M$179M4.5x3.5x8.4x11.4x
RWS Holdings$927M($26M)0.7x0.7x(27.2x)4.8x

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Common questions about Workboard

When was Workboard founded?Workboard was founded in 2013.
Where is Workboard headquartered?Workboard is headquartered in San Francisco, CA, United States.
Is Workboard publicly listed?No, Workboard is a private, VC-backed company.
What is Workboard's valuation?Workboard was last valued at $800M in its Series D in May 2021.
How much funding has Workboard raised?Workboard has raised $142M across 6 funding rounds.
What was Workboard's last funding round?Workboard's last funding round was a $75M Series D in May 2021, led by SoftBank Group.
Who are Workboard's investors?Workboard's investors include M12, Cherry Tree Investments, Workday Ventures, Opus Capital, Notable Capital, Andreessen Horowitz, Floodgate, SVB Capital, SoftBank Group, Capital One Ventures and 5 others.
Which companies are comparable to Workboard?Companies comparable to Workboard include Planhat, Cortex, Lightmetrics, Planisware, GetBusy and LinkSquares.
How many companies has Workboard acquired?Workboard has acquired 1 company, including Quantive.

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