Panobi, a San Francisco, CA-based provider of a platform for growth teams, raised $5 million in a Seed funding round.
SaaS Investors
The round was led by Index Ventures, with participation from angel investors including Slack co-founders Stewart Butterfield and Cal Henderson.
Founded in 1996, Index Ventures is a venture capital firm based in San Francisco and London. The firm seeks to invest in companies operating in artificial intelligence, machine learning, business applications, data, entertainment, fintech, the future of work, healthcare, media, mobility, open source, retail, security, and talent sectors.
Panobi Use of Seed Funds
With the seed funding, Panobi plans to further develop its platform, expand its features, and refine its monetization strategy. The company's connections to Slack's co-founders and Index Ventures provide valuable support and guidance for its growth.
About Panobi
Panobi is a growth-tracking platform founded by Merci Grace, a co-founder of Slack. The platform is designed to help growth managers track key metrics related to user growth, such as daily active users (DAUs) and monthly active users (MAUs), in real-time. Panobi connects to data warehouses like Snowflake and provides a timeline to track growth metrics over time. The platform also offers collaboration features, allowing different departments to understand growth data and collaborate across shared product surfaces.
Funding Details
Company: Panobi
Raised: $5.0M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Index Ventures
Additional Investors: Stewart Butterfield and Cal Henderson
Company Website: https://panobi.com/
Software Category: Product Observability Platform
Source: https://techcrunch.com/2023/08/24/former-head-of-growth-at-slack-is-building-a-growth-tracking-platform-for-everyone/