U.S.-based Workfront, an enterprise cloud-based work management tool, has raised a $280 million via a strategic secondary investment round.

U.S.-based private equity firms W Capital Partners, Susquehanna Growth Equity, and middle market direct lending platform AB Private Credit Investors bought a minority stake in Workfront.

Existing equity holders sold their stakes via an organized secondary process.

Workfront has bagged a total of $375 million in over six funding rounds.