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- Wrike
Wrike Acquisition, Valuation, Funding & Investors
Wrike was acquired by Symphony Technology Group in July 2023.
Wrike acquisition price
Undisclosed
Acquired by Symphony Technology Group · Jul 2023
Cumulative funding Wrike raised
$25M
across 2 funding rounds
Key investors in Wrike
Bain Capital Ventures
DCM Ventures
Scale Venture Partners
About Wrike
Wrike is a San Jose-headquartered provider of cloud-based work management software. The platform supports complex workflows for marketing, product, engineering, and professional services teams with features like customizable dashboards, Gantt charts, request forms, and real-time collaboration. Wrike integrates with tools such as Salesforce, Jira, and Google Workspace, serving enterprises including Siemens, Walmart, and Google. Its proofing and approval tools streamline creative reviews, while analytics track project performance across departments.
Founded
2006
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Wrike Acquisition
Wrike was acquired by Symphony Technology Group for an undisclosed price on 7 July 2023.
Before the acquisition Wrike had raised $25M across 2 funding rounds.
Wrike, a collaborative work management platform based in San Diego, Calif., completed its recapitalization and ownership transition to Symphony Technology Group (STG), a private equity firm specializing in software, data, and analytics, on July 7, 2023. Vista Equity Partners and Elliott Investment Management L.P. transferred full ownership of Wrike to STG, reestablishing Wrike as a private company. Lazard served as exclusive financial adviser to Wrike, with Kirkland & Ellis LLP as legal counsel, while Paul Hastings LLP advised STG. Simultaneous with the transaction, Wrike Founder and CEO Andrew Filev transitioned to Board Advisor, and CFO Thomas Scott became Interim CEO, later permanent. STG aims to support Wrike's growth in its intelligent work management platform amid demands for efficiency and productivity. Silver Point Capital provided acquisition financing via a senior secured credit facility. The deal followed Wrike's prior ownership by Citrix, spun out to Vista and Elliott less than two years prior, marking the third ownership change in three years and emphasizing a need to restore stability and momentum.
| Acquirer | Date | Type |
|---|---|---|
| 7 Jul 2023 | PE buyout |
Wrike Funding History
Wrike has raised a total of $25M across 2 funding rounds.
Wrike's first fundraising round was a $10M Series A in October 2013. The most recent completed round was a $15M Series B in May 2015.
Wrike funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2015 | Series B | Scale Venture Partners (lead); Bain Capital Ventures; DCM Ventures | $15M | Wrike is a work management and collaboration platform for high-performance teams, bridging the gap between overly complex enterprise IT solutions and simple tools that do not scale, with a focus on scalable customization for enterprise needs. The company launched its enterprise offering in 2013, driving explosive growth with over 8,000 paying customers and more than 1 million users at the time of the funding announcement. Enterprise revenues grew at 20% month-over-month, adding over $1.5 million in new annualized recurring revenue every month. Wrike raised a $15 million Series B round on May 6, 2015, led by Scale Venture Partners, with participation from DCM Ventures and prior investor Bain Capital Ventures. ScaleVP Partner Rory O’Driscoll joined the board. The company, then at 200 employees with $6 million cash on hand from its prior $10 million Series A, took the funding opportunistically amid favorable markets to accelerate enterprise growth, platform development, international expansion especially in Europe, and hiring 150 more employees over the next 12-18 months. |
| Oct 2013 | Series A | Bain Capital Ventures (lead) | $10M | Wrike, a project management SaaS platform, raised $10 million in Series A funding from Bain Capital Ventures in 2013. The company, founded seven years prior, had been bootstrapped to approximately 4,000 customers, including clients like Beats and Ecco. This funding marked a shift to scale the business for broader accessibility, including platform development for third-party apps, mobile enhancements, enterprise features, and global expansion. At the time, Wrike positioned itself as an early market leader in work management, competing with Asana and Atlassian. The investment supported ambitions to reach 5 million businesses within five years by addressing diverse project needs from individuals to large teams. |
Who has invested in Wrike?
3 investors have backed Wrike across its funding rounds, including Bain Capital Ventures, DCM Ventures and Scale Venture Partners.
Lead investors include Scale Venture Partners and Bain Capital Ventures.
Wrike Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2013 | ||
This data is available for Pro users. Sign up to see all 3 Wrike investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Wrike
Wrike has acquired 1 company to date.
Last acquisition by Wrike was on December 10th 2024. Wrike acquired Klaxoon for undisclosed valuation.
Latest Acquisitions by Wrike
| Description | Klaxoon is a Nantes-headquartered visual collaboration platform founded in 2015. The SaaS tool enhances hybrid meetings, trainings, and workshops with interactive quizzes, polls, word clouds, and networked notes accessible via web, iOS, Android, and Microsoft Teams. Klaxoon serves 10,000 organizations worldwide including Airbus, Danone, and Renault, with features for real-time engagement and content reuse. |
| HQ Country | |
| HQ City | Rennes |
| Deal Date | 10 Dec 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Wrike acquisitions and their M&A valuation multiples. Start Free Trial | |
Wrike Competitors
Wrike competitors include listed companies like Calix and Asana, and private ones like Mural, Podium, Intercom and Teamworks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $125M | - | $2B | 16.0x | ||
| Private | $100M | - | $3B | 30.0x | ||
| Private | $400M | - | $1.3B | 3.2x | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $1B | $38M | $2.2B | 1.8x | ||
| Publicly listed | $791M | ($175M) | $2.3B | 2.7x |
Wrike Public Comps
Wrike is no longer listed, but its public comps include Calix, Asana, Five9, SoundHound, Intapp, AvePoint, Weaver Network, Bandwidth, Teamviewer and Sinch.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1B | $38M | 2.0x | 1.8x | 52.9x | 13.6x | |||
| $791M | ($175M) | 2.8x | 2.7x | (12.8x) | 22.8x | |||
| $1.1B | $91M | 2.4x | 2.2x | 30.1x | 9.1x | |||
| $169M | $19M | 14.6x | 11.3x | 132.5x | (35.5x) | |||
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
| $419M | $42M | 5.9x | 5.1x | 58.4x | 27.4x | |||
| $341M | $43M | 4.4x | 4.2x | 34.6x | 28.3x | |||
| $754M | $39M | 2.7x | 2.3x | 51.2x | 17.3x | |||
This data is available for Pro users. Sign up to see all Wrike competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wrike
| When was Wrike founded? | Wrike was founded in 2006. |
| Where is Wrike headquartered? | Wrike is headquartered in San Jose, CA, United States. |
| Is Wrike publicly listed? | No, Wrike was acquired by Symphony Technology Group in July 2023. |
| Who acquired Wrike? | Wrike was acquired by Symphony Technology Group in July 2023. |
| How much funding has Wrike raised? | Wrike has raised $25M across 2 funding rounds. |
| What was Wrike's last funding round? | Wrike's last funding round was a $15M Series B in May 2015, led by Scale Venture Partners. |
| Who are Wrike's investors? | Wrike's investors include Bain Capital Ventures, Scale Venture Partners and DCM Ventures. |
| Which companies are comparable to Wrike? | Companies comparable to Wrike include Mural, Podium, Intercom, Teamworks, Calix and Asana. |
| How many companies has Wrike acquired? | Wrike has acquired 1 company, including Klaxoon. |
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