WorkBoard, the corporate results platform and OKR, announced that the company has received additional growth funding of $ 75 million. SoftBank Vision Fund 2 led the round, and the existing investors Andreessen Horowitz, GGV Capital, Workday Ventures and M12 – Microsoft’s Venture Fund participated alongside the new investors Capital One Ventures and SVB Capital.
WorkBoard will invest the funds in the development of the platform, the customer community and the expansion of sales and marketing activities, the statement said.
“Today, companies around the world need a faster, more agile approach to managing their strategies and operating rhythms. We believe that WorkBoard’s leading platform will help companies define, align and manage strategic outcomes more efficiently, “said Nagraj Kashyap , Managing Partner at SoftBank Investment Advisers.” As an avid WorkBoard user, I have Series A funding while I was previously at M12 and I look forward to continuing our partnership with Deidre and the WorkBoard team to drive the next phase of growth. “
“As more companies choose a future of fully decentralized or hybrid work, OKRs and transparent results management are essential to align distributed teams,” said Matthew Goldstein , Managing Director at M12. “WorkBoard creates incredible value for us joint customers through integration with technologies like Microsoft Teams, and several groups at Microsoft – including M12 – are using WorkBoard to accelerate operations. “
“Today every industry has to be fast and agile and react to changes in the market. The ability to quickly adjust, align and mobilize strategic priorities is quickly becoming a prerequisite for growth, “said Deidre Paknad, CEO and co-founder of WorkBoard.” WorkBoard increases strategic agility and operational pace 4x while creating end-to-end transparency. I am pleased look forward to working with Nagraj again and aggressively investing in deeper customer relationships, platform benefits and faster growth. ”
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