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
