Dragoneer Investment Group and Tiger Global led a US$125 million late-stage funding spherical in Productboard, valuing the product administration software program maker at US$1.73 billion.
Founded in 2014, San Francisco-based Productboard has raised US$262 million thus far, because the pandemic-triggered shift to hybrid work ramps up investor curiosity in corporations providing distant productiveness providers.
It plans to make use of the contemporary capital to rent workers and increase merchandise for its enterprise clients, the corporate stated in an announcement on Wednesday.
Productboard’s shoppers embrace Microsoft Corp, Zoom Video Communications Inc and Salesforce.com Inc. It counts Sequoia Capital, Index Ventures, Bessemer Venture Partners and Kleiner Perkins amongst its distinguished backers.