Targetprocess, a Minsk, Belarus- and Buffalo, NY-based visual management platform for Agile teams and organizations, raised a $5M Series A funding.
The round was led by European Bank for Reconstruction and Development and Zubr Capital.
The company intends to use the funds to accelerate the growth of its platform, furthering its support for managing scaled Agile programs, delivering new capacity planning features, and finishing some improvements, and speed its growth of sales, marketing and customer support in North America.
Founded in 2004, Targetprocess provides an Agile management platform that enables its customers to visualize work across the organization, identify bottlenecks and make informed decisions about what to prioritize in the business. The company, which has offices in Buffalo, Toronto, Berlin and Minsk, has supported more than 1,000 customers and 51,000 licensed users.