Asana got a $40 million loan in April to build a new SF headquarters - Business Insider

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Asana, which makes an important tool for the shift to remote work, got a $40 million loan in April for construction of a new San Francisco headquarters

Asana, the productivity startup that filed to go public on Monday, is building a new corporate headquarters in San Francisco, and entered into a $40 million loan agreement from Silicon Valley Bank for its construction.

Like most other tech companies, Asana has temporarily closed its offices and asked employees to work remotely due to the coronavirus pandemic. As a cloud software company focused on productivity, it's tools are uniquely positioned to help enable remote work.The coronavirus outbreak has driven Silicon Valley employees out of their offices and into the new world of remote work, as tech companies figure out the future of the workplace.

Asana, like most other tech companies has temporarily closed its offices and asked employees to work remotely due to the coronavirus pandemic. As a cloud software company focused on productivity, its tools are uniquely positioned to help enable remote work, which the company touts in its paperwork to go public.

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