ClickUp raises $100M as venture capital continues to flow to local startups

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San Diego-based ClickUp, which makes productivity software for businesses including tools for remote work, has raised $100 million in a second round of venture capital funding.
The latest funding, announced Tuesday, comes on the heels of ClickUp corralling $35 million in June. It highlights how San Diego startups continue raising money at what looks like a record pace despite the coronavirus pandemic.
Local startups are expected to pull in well over $1 billion in the fourth quarter based on deals announced so far. That comes on top of $3.4 billion raised during the first three quarters of the year.
For all of 2019, San Diego startups took in a total of $3.5 billion, which was the largest amount of venture capital flowing into the region in the previous five years, according to industry research firm Pitchbook.

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