DEVOPSdigest

Clubhouse announced $25 million in Series B funding, bringing the total raised to $39 million.

The round was led by Greylock Partners with participation from existing investors Battery Ventures and Lerer Hippeau.

Clubhouse will use the new funding to accelerate its product innovation 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, 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. We’re thrilled to partner with the entire team as they grow and provide companies with a better, collaborative home for software teams.”

“The hard truth is that we haven’t seen a modern vendor emerge in the last decade in the project management software space – despite huge changes in the overall software-development process,” said Neeraj Agrawal, General Partner at Battery and Clubhouse board member. “We think Clubhouse is the new market entrant that can really shake up the sector. We have been extremely impressed with the company’s rock-solid team, innovative mindset and revenue traction to date, and we have high hopes for continued growth.”

Software project management tools are either too simple and do not scale as teams grow, or they are overly complex to the point where the only choice is to adopt multiple tools such as Atlassian’s Jira and Trello. These complex project management tools create silo effects that minimize collaboration and visibility between engineering teams and the rest of the organization.

From day one, Clubhouse’s philosophy has been to deliver products and features that are fast and enjoyable so teams can focus on what matters – working together to create quality software their customers love. Clubhouse successfully bridges collaboration across high-growth businesses. The platform provides the perfect balance of simplicity and structure so product and engineering teams can effectively plan, collaborate and manage their work across the entire organization and it scales as their teams grow, without friction and bloat to slow them down.

“Clubhouse is redefining how quality software is created,” said Kurt Schrader, co-founder and CEO 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.”