WorkBoard Raises $75M for Results and OKR Platform
WorkBoard, a Redwood City, Calif.-based provider of an Enterprise Results and OKR Platform, raised $75m in growth funding. The round was led by SoftBank Vision Fund 2 with participation from existing investors Andreessen Horowitz, GGV Capital, Workday Ventures, and M12 – Microsoft’s Venture Fund and new investors Capital One Ventures and SVB Capital.
“Now every industry needs to be fast, agile, and responsive to shifts in the market. The ability to rapidly adjust strategic priorities, align and mobilize is quickly becoming table stakes for growth,” says Deidre Paknad, WorkBoard CEO and co-founder. “WorkBoard increases strategic agility and operating rhythm 4x while creating pervasive transparency. I’m excited to work with Nagraj again and invest aggressively in deeper customer relationships, platform advantage and faster growth.”
The company intends to use the funds for platform development, customer community, and expansion of its sales and marketing efforts.
Announcement: WorkBoard Raises $75M for Results and OKR Platform