Workplace software firm Asana, which is planning to go public next month, is projecting a 66% increase in revenue this year, partly due to the impact Covid-19 has had on remote work, according to previously unreported financial projections the company has given its investors.
As of July, Asana was projecting it would boost revenue to $236 million for the 12 months to January, from $142 million in 2019, according to an investor in the company. Next year, Asana projects revenue will grow 51% to $355 million. The projections underlie a doubling of Asana’s valuation on the secondary market for private tech stocks to $5 billion since January.
