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Clubhouse intends to use this new funding to continue to expand and innovate on its collaboration tools.
FREMONT, CA: Clubhouse Software, the collaborative home for modern software teams, raised $25 million in a Series B funding led by Greylock Partners with participation from existing investors Battery Ventures and Lerer Hippeau. The company plans on continuing its trend of innovation with software management and scale the team as it looks to surpass the one million user milestone next year.
“Building great software is the basis of competition for more businesses in more industries than ever before,” said Sarah Guo, a general partner at Greylock and Clubhouse board member. “Yet the aging tools used to organize software development often make the process harder, not easier. With their blazingly fast, simple yet powerful software project management, Clubhouse is reinvigorating a huge but long-stagnant market. They’ve demonstrated both scalability and developer love that we believe has enormous potential.”
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Clubhouse makes software management tools for development teams, such as DevOps team with enterprise-scale tools available for any size of team. Launched in 2016, the company has overseen the completion of more than 5 million projects called “stories,” with more than 20,000 active organizations using its software suite.
“Clubhouse is redefining how quality software is created,” said Kurt Schrader, co-founder, and chief executive of Clubhouse. “We’re continuing to invest in building a faster and more powerful platform that will power modern software teams and their collaborators to do their best work, while being a joy to use.”
Existing software project management tools on the market are too simple and do not scale well as teams grow, or they are overly complicated and force teams to adopt multiple tools such as Atlassian’s Jira and Trello to get the job done. These project management tools create silo effects that decrease collaboration and clarity between engineering teams and the rest of the organization. Clubhouse software is the first and only project tool collaboration platform that successfully bridges collaboration across high-growth businesses, providing products and features that are fast and enjoyable so teams can effectively plan, collaborate, and manage their work across the entire organization.
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