Productboard, a San Francisco-based startup offering an effective product management system allowing firms to avail the required offerings to market rapidly, has raised US$ 125 million in a Series D investment round led by Tiger Global Management and Dragoneer Investment on 2 February 2022.

Investors: The latest investment round featured Dragoneer Investment and Tiger Global Management as the lead investor with participation from Sequoia Capital, Index Ventures, Credo Ventures, Bessemer Venture Partners and Kleiner Perkins. The startup has managed to raise, in total, US$ 262 million to date.

Purpose of the funding: The startup seeks to deploy the proceeds from the investment round to diversify the products offered to its surging business customers, ramp up recruiting, and escalate the company’s market position to a leader in the product management domain.

About Productboard

Productboard Logo

Brought to existence in 2014 by Daniel Hejl and Hubert Palan, Productboard offers a customer-centric platform that garners customer responses, structures complexities, delivers a framework, optimises product access, alignment, and visibility across the company. The firm has collaborated with marquee market players such as Salesforce, Microsoft, and others to enable teams to enhance integrity and coordination. More than 5,400 corporations comprising UiPath, Zoom and 1-800-Contacts employ the company’s solution to fathom customer needs, prioritise development of future offerings, and integrate all their business strategy. The company’s enterprise business has risen exponentially. The firm persists in building momentum in the upmarket compartment in future.

What the Founder has to say: “All firms are striving to transform into a digital workspace, but developing successful digital offerings is not for everyone. Productboard aspires to provide an answer to this problem. In a world with intense competition, we foresee implementing a new hybrid business model and encompassing customer feedback in all levels of execution and product strategy imperative for satisfying growing consumer expectations. These are some of the attributes showcased by top-notch products. It is delightful to utilise the fresh capital to make product management more accessible to the businesses and further develop the company’s platform.”- Hubert Palan, Founder and CEO of Productboard.

What the Investor has to say: “We joined hands with Productboard to expedite our release cycles. The firm has boosted our skills to introduce products while garnering the required customer response. Productboard permits us to concentrate on generating first-rate products for our clients.”- Param Kahlon, Chief Product Officer at UiPath.

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Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.

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