Zuckerberg and other tech titans pour $50 mln into Asana

Asana, a maker of project management and collaboration software, announced today it has raised $50 million from a Who’s Who of Silicon Valley tech luminaries, including Facebook founder and CEO Mark Zuckerberg. The Series C round values the San Francisco-based company at $600 million, up from a valuation of $280 million for its $28 million Series B in 2012, TechCrunch reported. To date, Asana has raised a total of $88.2 million, according to CrunchBase. The new round was led by Sam Altman, president of tech incubator Y Combinator. In addition to Zuckerberg, other participants included Asana’s founders, Facebook co-founder Dustin Moskovitz and early Facebook employee Justin Rosenstein; 8VC, a VC firm led by Palantir co-founder Joe Lonsdale; Aditya Agarwal and Ruchi Sanghvi, VP and former VP of Dropbox; Priscilla Chan, CEO of The Primary School; Adam D’Angelo, CEO of Quora; Founders Fund; Tony Hsieh, CEO of Zappos; Andrew Mason, CEO of Detour and founder of Groupon; Roger McNamee, co-founder of Elevation Partners; and Eric Ries, author of the book “The Lean Startup.”

Photo: Facebook founder and CEO Mark Zuckerberg meets founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016. REUTERS/Shu Zhang