productboard, the leading product excellence system today announced it has raised $8 million in Series A financing led by Kleiner Perkins, with participation from previous Seed investors – Index Ventures, Credo Ventures, Reflex Capital, and Rockaway Capital. Also joining the round as strategic angels are respected SaaS industry leaders Eoghan McCabe & Des Traynor (co-founders, Intercom), Clark Valberg (co-founder, InVision), and Larry Gadea (founder, Envoy). productboard will use the funds to expand its team and advance its popular solution for helping product managers get the right products to market faster. Ilya Fushman, Kleiner Perkins’ general partner, joins productboard’s board of directors.
Founded in 2014 by Hubert Palan and Daniel Hejl, productboard now serves product teams at over 1,200 companies including Zendesk, Avast, DellEMC, and ServiceMax. Customers span a broad range of categories and industries including SaaS solutions, e-commerce platforms, medical device manufacturers, academic journals, news outlets, book publishers, on-demand services, and brick and mortar stores transitioning to digital storefronts. All share common needs that productboard helps them address: capturing market inputs and user feedback, prioritizing what to build next based on clear objectives, and aligning colleagues across the organization around the product roadmap.
What started out as a solution to help individual product managers prioritize what to build next, has evolved into a company-wide product excellence system. Thanks to productboard, insights from customers and colleagues flow directly into the product teams, enabling them to make the right product decisions. Meanwhile, other parts of the organization get visibility into product plans and progress. The result is excellent products and strong internal buy-in and alignment across organizations.
productboard is the leading product excellence system, helping product teams get the right products to market faster. Over 1,200 modern, customer-driven companies – like Zendesk, Avast, and Envoy – use productboard to understand what users need, prioritize what to build next, and rally everyone around the roadmap. With offices in San Francisco and Prague, productboard is backed by leading venture capitalists including Kleiner Perkins, Index Ventures, and Credo Ventures.
About Kleiner Perkins
For five decades, Kleiner Perkins has made history by partnering with some of the most ingenious and forward-thinking founders in technology and life sciences. Through twenty venture funds and four growth funds we’ve invested $10 billionin hundreds of companies including pioneers such as Amazon, Genentech and Google. Today, Kleiner Perkins continues to help founders and their bold ideas make history investing in companies like Desktop Metal, IronNet, Ring, Spotify, Slack, and UiPath.
SOURCE Kleiner Perkins