Produce8, a Vancouver, BC, Canada-based SaaS startup that provides distributed and digital-first teams real-time visibility into the work getting done across all their business apps, raised $6 million in funding.
It plans to launch into the IT services market at the start of 2023, with expectations to expand across other industry verticals in quick succession.
"We're thrilled to have this financial backing as well as meaningful engagement from all our stakeholders," said Mark Scott, Co-Founder of Produce8, founder of N-Able Technologies, and president of Fully Managed by Telus Business, an award-winning managed service provider (MSP). "Through our discussions with remote teams, as well as interactions with beta and early access users currently leveraging Produce8, we feel incredibly validated in our product direction and excited for this next stage of our growth."
Produce8 was featured as a beta startup at the Collision Tech Conference in Toronto earlier this year, as well as at the DattonCon and XChange NexGen MSP Conferences.
The startup continues to work with engaged users to fine-tune its product and address the needs of modern digital teams as it completes its early access program. In addition, the company has formed collaborative partnerships with other organizations interested in the future of work, such as 4 Day Week Global.
Company: Produce8 Inc.
Raised: $6.0M
Round: Unknown
Funding Month: November 2022
Lead Investors: Undisclosed
Additional Investors: Undisclosed
Company Website: https://www.produce8.com/
Software Category: Digital Work Analytics
About the Company: Produce8 is a digital work analytics platform that assists distributed and digital-first teams in measuring and understanding their interactions with technology and each other. Produce8 automates the process of updating the team on its productivity and helps convey the value of every team member’s contributions. It has a team of over 20 staff that drives its continued growth and development. Produce8 is on a mission to help remote, hybrid, and digital-first teams work more effectively.
Source: https://www.prnewswire.com/news-releases/produce8-closes-6m-investment-to-accelerate-growth-in-the-future-of-workforce-analytics-301688281.html