Product management platform, productboard, has recently announced a successful Series C funding round, raising an impressive $137 million. The funding was led by Tiger Global Management, with participation from existing investors Index Ventures, Kleiner Perkins, and Sequoia Capital. This latest injection of capital brings the total amount raised by productboard to $219 million, highlighting the company’s growing influence in the product management space.
Streamlining product management processes
Productboard aims to revolutionize the way companies build and manage their products. The platform provides a centralized hub for product teams to collect and prioritize customer feedback, map out product roadmaps, and collaborate effectively. By streamlining these processes, productboard enables teams to make data-driven decisions and deliver products that truly meet customer needs.
One of the key features of productboard is its ability to capture and organize customer feedback. Through integrations with various communication channels such as email, support tickets, and social media, product teams can gather valuable insights from users. These insights are then categorized and prioritized based on their impact and importance, allowing teams to focus on the most crucial issues.
Another notable aspect of productboard is its intuitive roadmap planning capabilities. The platform enables product managers to visualize their product strategy and prioritize feature development based on customer feedback and business goals. This helps teams align their efforts and ensures that they are working towards a shared vision.
Expanding global reach
With the new funding, productboard plans to further expand its global presence. The company already serves over 4,000 customers worldwide, including notable names like Microsoft, Zendesk, and UiPath. The additional capital will enable productboard to invest in sales and marketing efforts, as well as expand its team to support the growing demand for its platform.
Conclusion
Productboard’s successful Series C funding round is a testament to the company’s commitment to helping organizations build better products. With its robust platform that streamlines product management processes and empowers teams to make data-driven decisions, productboard is well-positioned to continue its growth and make a significant impact in the industry. As more companies recognize the importance of customer-centric product development, productboard’s platform will play a crucial role in driving innovation and success.