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"SmartSheet, the web-based spreadsheet creation service, has raised $2.69 million in a Series A-4 of funding, led by Madrona Venture Group.\nSmartSheet, which won Business 2.0's Best of Show award earlier this year, has a good management team, some members hailing from Onyx Software.  The edge that SmartSheet is looking to develop is its interactive capabilities, and auto-tracking tools that are beneficial for team projects and collaborative efforts.  The social aspect of SmartSheet includes its wiki, which furthers the ability for the spreadsheets to become collaborative tools.  Plans start for free, and move up to about $150 for a hosted service.\nMicrosoft still has the stronghold in this market, and businesses remain slow to adopt web-based services of this nature, but companies such as Google and Zoho are fast developing online options for collaborative document creation, and SmartSheet's inclusion of so many social features is a step in the right direction.\n"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2007/06/14/smartsheet-funded/>