Dec 12, 2017

New York City-based Clubhouse Software, a maker of a modern project management platform for software development teams, has raised $10 million in Series A financing. Battery Ventures led the round with participation from Resolute Ventures, Lerer Hippeau Ventures, Neu Venture Capital, RRE Ventures and Zeitgeist Partners. In conjunction with the funding, Neeraj Agrawal, a general partner at Battery Ventures, has been added to Clubhouse's board. said: New York City-based Clubhouse Software, a maker of a modern project management platform for software development teams, has raised $10 million in Series A financing. Battery Ventures led the round with participation from Resolute Ventures, Lerer Hippeau Ventures, Neu Venture Capital, RRE Ventures and Zeitgeist Partners. In conjunction with the funding, Neeraj Agrawal, a general partner at Battery Ventures, has been added to Clubhouse’s board. PRESS RELEASE NEW YORK— December 12, 2017 — Clubhouse Software, the maker of a modern project management platform for software development teams, has raised $10 million in Series A financing led by Battery Ventures. As part of the financing, Battery General Partner Neeraj Agrawal, a longtime software investor, will join Clubhouse’s board. Existing seed investors Resolute Ventures, Lerer Hippeau Ventures, Neu Venture Capital, RRE Ventures, and Zeitgeist Partners also participated in the funding round. Clubhouse, which is based in New York City and growing rapidly, intends to use the new funds to expand its engineering team; build out more integrations into other software products; expand its focus on larger enterprise customers; and enhance customer support. The company was founded in 2014 by Kurt Schrader and Andrew Childs, both of whom worked together at an ad-technology company and were frustrated by the amount of friction and overhead needed to set up, manage, and use other project management tools. “I saw the same problems over and over, and we vowed to come up with a new type of product that would fix them, and offer a more intuitive, out-of-the box experience for software teams trying to get things done,” said Schrader, Clubhouse’s CEO. “We have customers using our platform for projects outside of software development, but our goal is to be the best software-focused vendor in the market.” He added: “We are extremely excited to partner with Neeraj and Battery, given the firm’s specific focus on investing in software companies.” Clubhouse is used by successful startups around the world including FullStory, LaunchDarkly, Geckoboard, and Guru. Geckoboard, a UK-based company that produces metrics dashboards for tech companies around the world, says it was drawn to Clubhouse because of the flexibility and ease of use. According to Geckoboard’s VP of Operations Tom Randle, “We stumbled across Clubhouse by chance and straight away we were impressed. Clubhouse is simple and easy to use, and it is designed specifically for development teams.” Battery’s Agrawal added: “After studying this sector, we concluded that there were two types of products in the software project-management market – simple, modern tools that people love but aren’t focused on software development, and legacy vendors that suffer from feature bloat and outdated UIs. To us, Clubhouse has struck the right balance for software teams. It offers all the features you need and none of the ones you don’t. We look forward to partnering with the team and watching them continue to delight customers.” About Clubhouse Clubhouse builds product management tools to improve the way that software engineering teams work together. We believe that the tools engineers use every day can be both powerful and flexible while remaining enjoyable and easy to use. Thousands of organizations use Clubhouse to build better software, faster. About Battery Ventures Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, Tel Aviv and London. Follow the firm on Twitter @BatteryVentures , visit our website at http://www.battery.com and find a full list of Battery’s portfolio companies at https://www.battery.com/our-companies/list/.