Only half a year after securing its initial external investment, ClickUp has successfully completed a $100 million funding round and achieved a $1 billion valuation, as initially covered by Bloomberg.

The company’s substantial expansion over recent months supports this new “unicorn” designation, demonstrated by a doubling of its user base to 2 million. A company press release also indicated a ninefold increase in revenue since the start of the year.

This most recent $100 million investment was spearheaded by Georgian, a Canadian investment company, with contributions from Craft Ventures, who previously led the startup’s $35 million Series A funding in June. The significant valuation highlights the strong investor interest in identifying leading companies within the productivity software market, an industry that has experienced considerable customer growth this year, in part due to evolving corporate perspectives on remote work.

ClickUp intends to build on this momentum by expanding its team and enhancing its product offerings. The company, currently comprised of 200 employees, has doubled in size since its last funding round and anticipates another doubling in the coming months, according to CEO Zeb Evans in a statement to TechCrunch.

ClickUp provides productivity software, but its core offering centers around consolidating multiple tools within the productivity space into a unified platform, with the goal of minimizing the number of applications its customers need to utilize. The team has recently begun incorporating tools such as email directly into their platform, enabling users to manage complete workflows within the product.

“The benefit isn’t simply about consolidating several apps into one; it’s about significantly improving efficiency and reducing the time and frustration associated with managing numerous separate solutions,” Evans explained to TechCrunch.

While the company continues to enhance the product through frequent updates to its applications – including a redesigned iOS app released today, with an Android version launching tomorrow – the team is also focused on long-term development and sustainability.

Regarding the duration this funding will support operations, Evans refrained from making definitive projections. “This should provide us with resources for a considerable period, although I expressed a similar sentiment following the Series A round,” Evans stated.