productboard, a San Francisco, CA-based product excellence system, raised $8m in Series A financing.
The round was led by Kleiner Perkins, with participation from Index Ventures, Credo Ventures, Reflex Capital, and Rockaway Capital and strategic angels Eoghan McCabe & Des Traynor (co-founders, Intercom), Clark Valberg (co-founder, InVision), and Larry Gadea (founder, Envoy). Ilya Fushman, Kleiner Perkins’ general partner, joins productboard’s board of directors.
The company intends to use the funds to expand its team and advance its solution-
Founded in 2014 by Hubert Palan and Daniel Hejl, productboard provides a solution for product managers to organize, prioritize, and plan feature ideas, before adding them to a roadmap, or validating them on an interactive product portal, where they can be voted on by colleagues and customers.
Customers span a broad range of categories and industries including SaaS solutions, e-commerce platforms, medical device manufacturers, academic journals, news outlets, book publishers, on-demand services, and brick and mortar stores transitioning to digital storefronts. The company now serves product teams at over 1,200 companies including Zendesk, Avast, DellEMC, and ServiceMax.