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WorkFront revenue is $200 million

WorkFront is worth $1 billion valuation

WorkFront team size is 1039 employees


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WorkFront

3301-North Thanksgiving Way Lehi, Utah, United States

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How WorkFront hit $200M Revenue with 3K customers in 2022.

Workfront is a Lehi, Utah-based software company that develops web-based work management and project management software that features enterprise work management, issue tracking, document management time tracking and portfolio management..Workfront providers cloud-based enterprise work management solutions for enterprise teams

Founded

1999

Founded

Revenue

$200M

2022 Revenue

YOY
-----

YOY

Funding

$375M

Funding


WorkFront Revenue

In 2022, WorkFront revenue run rate hit $200M in revenue.

  • 2019

    WorkFront hit $200M in revenue in 2019

  • 2017

    WorkFront hit $120M in revenue in 2017

  • 2014

    WorkFront hit $40M in revenue in 2014

  • 1999

    WorkFront launched in 1999 with $0 revenue

200.00% ▲67.00% ▲$40M$120M$200M

WorkFront Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2019 Secondary Market

    WorkFront raised a Secondary Market of $280M

  • 2015 Series E

    WorkFront raised a Series E of $33M at a $132M valuation in May 2015

  • 2014 Series D

    WorkFront raised a Series D of $38M

  • 2012 Series C

    WorkFront raised a Series C of $17M

  • 2007 Series A

    WorkFront raised a Series A of $7M

FUNDING DATEROUNDAMOUNTVALUATION
03/13/2019 Secondary Market $280M
05/08/2015 Series E $33M $132M
04/02/2014 Series D $38M
10/31/2012 Series C $17M
03/06/2007 Series A $7M

Team

WorkFront has 1039 total employees and 198 sales reps that carry a quota. They have 3000 customers an engineering team of 238 and a marketing team of 58

20142015201720182019202068▲27▲18▲13▲4▲
DISTRIBUTIONQTY
Total team size
1039
Engineer
238(23%)
Sales
198(19%)
Marketing
58(6%)

CEO/Founder

Alex Shootman

As President and CEO, Alex drives Workfront’s overall strategy, vision, and execution, ensuring Workfront is a dedicated partner in helping customers transform the work experience. Shootman brings over 25 years of experience in all areas of revenue and profit generation for technology organizations, with significant experience leading SaaS-based companies.

Q&A

What`s your age?

52

Favorite online tool?

Slack

Favorite book?

How Did That Happen

Favorite CEO?

Father Greg Boyle, Homeboy Industries

Advice for 20 year old self

Be versus do.


Customers

WorkFront has 3K customers.

Lifetime Months

-

x

Monthly ARPU

$3.5K

=

Lifetime Dollar

-

Acquisition Cost

$67.5K

Average Annual Price

$42.2K

$0$42.2K19 month payback period02468101214161820
$0$42.2K19 month payback period02468101214161820

Churn

WorkFront has an annual churn rate of 0.00%.

-100-500%50100

Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%


About WorkFront

Monthly Revenue

$16.7M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


WorkFront Board of Directors

NamePosition

WorkFront Executives

NamePosition
Alex Shootman CEO

WorkFront Employees

NamePosition
Alex Shootman CEO

Frequently Asked Questions about WorkFront

When was WorkFront founded?

WorkFront was founded in 1999.

How much revenue does WorkFront generate?

WorkFront generates $200M in revenue.

Who is the CEO of WorkFront?

The CEO of WorkFront is Alex Shootman.

How much funding does WorkFront have?

WorkFront was raised $375M.

How many employees does WorkFront have?

WorkFront has raised 1039 employees.

Where is WorkFront headquarters?

WorkFront headquater is at United States