Proggio, a Tel Aviv, Israel-based Project Management company which takes on traditional Gantt-based tools such as Microsoft Project and Smartsheets, raised $2M in funding.
The round was led by Mangrove Capital Partners.
The company intends to use the fund to further develop its product market fit, accelerate development, and build its acquisition engine.
Founded in 2016 by Yaniv Shor and Barak Schiby, Proggio utilizes a project diagram called “Projectmap,” which enables building clear visual timeline with integrated team task management. With a patented dataset, the solution provides tailored views for executive managers, project managers, team leaders, and team members. Each stakeholder works within an interface designed for his/her needs, allowing other team members to work live with the same dataset.
Any change made by a team member is reflected all the way up to the executive view. The solution also provides novel ways to input information and to discuss details within a project’s context with others.
Since its Beta launch in 2017, Proggio has experienced significant customer growth and is managing thousands of projects worldwide across every industry segment. Customers are making over 300,000 project changes monthly.