LiquidPlanner, a Seattle, WA-based provider of a predictive project management solution, secured $8m in Series B funding.
TVC Capital, a San Diego-based growth equity firm, provided the capital. In conjunction with the transaction, Steven Hamerslag, managing partner of TVC Capital, will join LiquidPlanner’s board of directors.
The compamny intends to use the funds to expand sales and marketing initiatives and further invest in its product development, engineering, and operations functions.
Founded in 2007 and led by Liz Pearce, CEO, LiquidPlanner provides a priority-based, predictive online project management solution for organizations to plan projects using best-case and worst-case estimation and priority order (rather than fixed dates) to generate realistic schedules. As priorities shift or new work is added, the platform automatically recalculates the schedule, ensuring that all of the resources in the portfolio are dynamically load balanced. It also offers a unified and collaborative online workspace for team members to track times, share documents and communicate all of the key project details within the context of their project portfolio.
The company today serves over 2,000 companies in over 60 countries worldwide with customers including HTC, LeapFrog, Nordstrom and RingCentral, among others.