Parabol, a Los Angeles, CA-based Agile meeting platform, secured an $8m Series A funding.
The round was led by M12 with participation from CRV, Haystack, Techstars, and others.
The company intends to use the funds to expand its business reach and add new enterprise features.
Founded in August 2015 by CEO Jordan Husney, Parabol provides a remote collaboration platform for remote and hybrid teams to conduct structured meetings essential to Agile teamwork, such as retrospectives and daily stand-ups. Parabol integrates with applications such as Slack, Jira, and GitHub, and automatically captures and summarizes the meeting output for all participants.
The platform recently launched a new Planning Poker feature, which facilitates project estimation with an interface that integrates with popular project management tools like Jira.
The funding announcement follows the milestone of registering 100,000 users across more than 3,000 companies worldwide including members of the United States Airforce, which awarded Parabol a $1.47 million contract via the Defense Department’s small business innovation research program, to bring the platform to the U.S. military.