Productboard Reaches Unicorn Status after Securing €110M Funding - Techgist Africa

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Productboard, a customer-centric product management platform, announced that it has closed $125M (approx €110M) in a Series D round of funding at a valuation of $1.72B (approx €1.52B), thereby reaching the coveted ‘unicorn’ status.

The round was led by Dragoneer Investment Group with Tiger Global as the secondary lead investor.

Existing investors, including Bessemer Venture Partners, Sequoia Capital, Kleiner Perkins, Index Ventures, and Credo Ventures, also participated.

The funding announcement comes ten months after securing $72M (approx €63.7M) in a Series C funding round.

The latest round brings Productboard’s total funding raised to $262M (approx €231M).

The Czech firm claims the new funds will enable it to scale its product offerings, accelerate hiring efforts, and cement its leadership position in the product management software space.

Founded by Hubert Palan and Daniel Hejl in 2014, Productboard helps companies to build a product in a systematic way.

The platform provides a centralised hub that gathers customer feedback, streamlines complexity, provides structure, and enhances product visibility, access, and alignment across the entirety of an organisation.

Read more on Tech Gist Africa:

European Micromobility Startup Dott Grabs $70 million

Shopware Raises its First Outside Funding: $100M from PayPal and Carlyle

Selina Raises $150M to dish out Flexible Loans that Leverage Home Equity

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This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy. Productboard, a customer-centric product management platform, announced that it has closed $125M (approx u20ac110M) in a Series D round of funding at a valuation of $1.72B (approx u20ac1.52B), thereby reaching the coveted u2018unicornu2019 status.u00a0rnrnrnrn

The round was led by Dragoneer Investment Group with Tiger Global as the secondary lead investor. rn

Existing investors, including Bessemer Venture Partners, Sequoia Capital, Kleiner Perkins, Index Ventures, and Credo Ventures, also participated.rnrnrnrn

The funding announcement comes ten months after securing $72M (approx u20ac63.7M) in a Series C funding round. rn

The latest round brings Productboardu2019s total funding raised to $262M (approx u20ac231M).u00a0rnrnrnrn

The Czech firm claims the new funds will enable it to scale its product offerings, accelerate hiring efforts, and cement its leadership position in the product management software space.rnrnrnrn

Founded by Hubert Palan and Daniel Hejl in 2014, Productboard helps companies tou00a0build a product in au00a0systematic way.u00a0rnrnrnrn