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June 14, 2007 2:03 PM
Smartsheet upgrades product and funding
Posted by Brier Dudley
Smartsheet, a Bellevue online spreadsheet/task management service provider, received $2.9 million from Madrona, bring its angel and first round funding to $4 million.
Word of the funding first appeared in PE Week yesterday. It was going to be announced Monday when Smartsheet is also rolling out a major upgrade to its service, keyed to the Enterprise 2.0 conference in Boston.
Chief Executive Mark Mader, one of the former Onyx execs who started the company in 2005, said pricing won't change, but attachment storage capacity on paid versions will be increased significantly.
Other locals at the Enterprise 2.0 conference include keynoter Derek Burney, general manager of Microsoft Sharepoint; Renton Web application company Etelos and Portland RSS company Attensa.
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