Developer of collaborative software development project management tools Clubhouse Software Inc. announced today that it has raised $ 25 million in a Series B financing led by Greylock Partners.
Clubhouse is a manufacturer of software management tools for development teams, such as DevOps teams, with company-wide tools available for all team sizes. Launched in 2016, Clubhouse has supervised more than 5 million completed projects, called “stories” by the company, with more than 20,000 active organizations using its software suite.
“Creating quality software is the basis of competition for more companies in more industries than ever before,” said Sarah Guo, general partner at Greylock and a member of the Clubhouse board of directors. “Yet the aging tools used to organize software development often make the process more difficult, not easier. With their incredibly fast, simple yet powerful software project management software, Clubhouse reinvigorates a huge but long stagnant market. They demonstrated both scalability and the love of developers who we believe have huge potential.
Clubhouse launched its flagship product in February 2016 and added an enterprise edition in October 2018. Its product vision has been to provide a business-ready alternative to Jira from Atlassian Corp. plc, a popular project tracking tool used by corporate DevOps teams.
“The hard truth is that we haven’t seen a modern vendor emerge in the last decade in the field of project management software, despite huge changes in the overall software development process,” Neeraj said. Agrawal, General Partner of Battery and member of the Clubhouse Board of Directors. “We believe Clubhouse is the new entrant in the market that can really shake up the industry. We have been extremely impressed with the company’s rock solid team, innovative mindset and revenue traction to date, and have high hopes for continued growth.
Clubhouse intends to use this new funding to continue to develop and innovate on its collaboration tools.
According to the company, its software is the first and only project collaboration platform that successfully connects collaboration between high growth companies. This is because the current range of project management tools on the market are either too simple and don’t scale well as teams grow, or they are too complex and force teams to adopt multiple tools to do the job. job.
This is not uncommon in the industry where DevOps teams can integrate both Atlassian and Trello (which was acquired by Atlassian for $ 425 million in 2017) to manage complex communication and deployment models. Clubhouse argues that these complex management tools create a silo effect that makes collaboration more difficult as it reduces visibility between engineering teams and the rest of the organization.
“The clubhouse is built by engineers for engineers,” said James Turnbull, vice president of engineering at Glitch Inc., an easy-to-use web application development tool. “The tool’s workflow fits in perfectly – we were able to set up in less than fifteen minutes. It makes my life easier and doesn’t get in my way and allows me to focus on my team and my goals.
This round brings the total raised by Clubhouse to $ 39 million and the company intends to continue its trend of innovation in software management and to move its team on a trajectory of exceeding the milestone. million users next year. In December 2017, Clubhouse closed a $ 10 million Series A funding round led by Battery Ventures, which also joined the new funding round alongside Lerer Hippeau.
“Clubhouse is redefining the way great software is created,” said Kurt Schrader, Co-Founder and CEO of Clubhouse. “We continue to invest in creating a faster and more powerful platform that will allow modern software teams and their people to do their best, while being fun to use. “
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