# Press Release: Series A Funding Announcement

## Announcement Details
- **Company:** TaskFlow (project management SaaS)
- **News:** 12 million USD Series A funding round
- **Lead Investor:** Acme Ventures
- **Key Detail:** Will use funds to expand AI features and grow team

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## HEADLINE OPTIONS

**Option 1 (Recommended):**
TaskFlow Raises $12 Million Series A to Bring AI-Powered Project Management to Growing Teams

**Option 2 (Shorter):**
TaskFlow Secures $12M to Expand AI Project Management Platform

**Option 3 (Investor Focus):**
Acme Ventures Leads $12 Million Investment in TaskFlow

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## SUBHEADLINE

Funding will accelerate development of AI features that help teams work smarter, not harder

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## FULL PRESS RELEASE

**FOR IMMEDIATE RELEASE**

**TaskFlow Raises $12 Million Series A to Bring AI-Powered Project Management to Growing Teams**

*Funding will accelerate development of AI features that help teams work smarter, not harder*

**SAN FRANCISCO, December 6, 2024** — TaskFlow, the project management platform built for growing teams, today announced it has raised $12 million in Series A funding led by Acme Ventures, with participation from existing investors First Round Capital and Y Combinator. The funding will be used to expand the company's AI capabilities and grow its team from 25 to 60 employees over the next 18 months.

TaskFlow has grown 300% year-over-year, now serving over 2,000 companies including Stripe, Notion, and Figma. The platform differentiates itself through simplicity—offering powerful project management without the complexity that causes most tools to fail at team adoption.

"Most project management tools are built for project managers, not teams," said Sarah Chen, CEO and co-founder of TaskFlow. "We built TaskFlow for the people who actually do the work. Our AI features take this further—automatically updating project status, flagging risks before they become problems, and eliminating the busywork that kills productivity."

The Series A funding will accelerate three key initiatives:

- **AI-Powered Automation:** Expanding features that automatically track progress, predict delays, and suggest next actions
- **Enterprise Features:** Adding advanced security, SSO, and admin controls for larger organizations
- **Team Expansion:** Growing engineering, product, and customer success teams to support rapid growth

"TaskFlow has found the sweet spot between power and simplicity," said Michael Torres, Partner at Acme Ventures who will join TaskFlow's board. "Their retention metrics are exceptional because teams actually use the product. We have seen many project management tools, but TaskFlow's approach to AI-native design positions them to define the next generation of work software."

TaskFlow was founded in 2021 by Sarah Chen and David Park, former product leaders at Asana and Slack. The company participated in Y Combinator's Winter 2022 batch and has raised $15 million to date.

**About TaskFlow**

TaskFlow is the project management platform that teams actually use. Built for growing companies, TaskFlow combines powerful features with intuitive design so teams can focus on work instead of managing tools. Over 2,000 companies trust TaskFlow to keep their teams aligned and productive. Learn more at taskflow.com.

**Media Contact:**
Jamie Williams
Head of Communications, TaskFlow
jamie@taskflow.com
(555) 123-4567

###

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## QUOTE OPTIONS

**CEO Quote (used above):**
"Most project management tools are built for project managers, not teams. We built TaskFlow for the people who actually do the work. Our AI features take this further—automatically updating project status, flagging risks before they become problems, and eliminating the busywork that kills productivity."

**CEO Quote (alternative - vision focused):**
"We believe the future of work is not about more features—it is about less friction. This funding lets us double down on AI that handles the tedious parts of project management so humans can focus on the work that matters."

**Investor Quote (used above):**
"TaskFlow has found the sweet spot between power and simplicity. Their retention metrics are exceptional because teams actually use the product. We have seen many project management tools, but TaskFlow's approach to AI-native design positions them to define the next generation of work software."

**Investor Quote (alternative - market focused):**
"The project management market is massive but broken. Most tools are either too simple to be useful or too complex to get adopted. TaskFlow is the first product we have seen that solves both problems, and the numbers prove it."

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## KEY FACTS BOX

| Metric | Detail |
|--------|--------|
| Funding Amount | $12 million Series A |
| Lead Investor | Acme Ventures |
| Total Raised | $15 million |
| Customers | 2,000+ companies |
| Growth | 300% year-over-year |
| Team Size | 25 to 60 (planned) |
| Notable Customers | Stripe, Notion, Figma |
| Founded | 2021 |
| Headquarters | San Francisco, CA |

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## DISTRIBUTION STRATEGY

**Tier 1: Embargo Partners (1-2 outlets)**
Offer exclusive first story to:
- TechCrunch (startup/funding focus)
- The Information (enterprise tech focus)

**Tier 2: Day-of Distribution**
- Wire service: Business Wire or PR Newswire
- Direct outreach to tech reporters
- Investor and founder networks

**Tier 3: Amplification**
- Company blog post
- Founder LinkedIn posts
- Customer/investor social shares
- Email to existing customers

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## JOURNALIST PITCH EMAIL

**Subject:** TaskFlow raises $12M Series A for AI project management

**Body:**

Hi [Name],

TaskFlow just raised $12 million in Series A funding led by Acme Ventures.

The quick version: TaskFlow is a project management tool that teams actually use (vs. the ones they abandon after a month). They have grown 300% YoY and count Stripe, Notion, and Figma as customers.

What makes it interesting:
- AI-native approach to PM (auto-updates, risk flagging, no busywork)
- Founded by former Asana and Slack product leads
- Exceptional retention metrics (Acme partner quote available)

I have the full release below and can arrange a call with CEO Sarah Chen if helpful.

Best,
Jamie

[Full release below]

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## AP STYLE NOTES APPLIED

1. **Numbers:** Spelled out one through nine, numerals for 10+
2. **Money:** $12 million (not $12M or 12 million dollars)
3. **Dates:** December 6, 2024 (not Dec. 6th)
4. **Titles:** CEO and co-founder (lowercase unless before name)
5. **Company names:** First reference full, then shortened
6. **Quotes:** Comma before attribution, period inside quotes
7. **City/State:** SAN FRANCISCO (dateline in caps)

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## WHAT MAKES THIS NEWSWORTHY

1. **Funding amount:** $12M is significant for Series A
2. **Notable investors:** Acme Ventures has strong track record
3. **Growth metrics:** 300% YoY is impressive
4. **Customer names:** Recognizable brands add credibility
5. **Founder pedigree:** Asana/Slack experience is relevant
6. **Trend tie-in:** AI in enterprise software is hot topic

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## ASSETS TO PREPARE

- High-res founder headshots
- Company logo (various formats)
- Product screenshots
- Investor logo (with permission)
- Customer logos (with permission)
- B-roll video of product (optional)
- Data visualizations of growth (optional)