- Ally, a provider of goal-setting and business performance management software, announced it raised $15 million in Series B funding
Ally — a provider of goal-setting and business performance management software — announced it raised $15 million in Series B funding led by Tiger Global Management. Previous investors Accel, Vulcan Capital, and Founders Co-op also joined this round.
Ally is known for helping startups and large enterprises accelerate business performance through alignment, agility, and transparency to match the fast-paced needs of their evolving markets. And its product is based on the Objectives and Key Results (OKR) framework — which is the operating model for running agile businesses popularized by Google and other industry leaders.
Ever since Ally launched in 2018, Ally’s solution has been integrated by hundreds of leading organizations in over 70 countries. Some of the company’s customers include Slack, Remitly, DoorDash, UrbanClap, Nike, and InVision.
This Series B funding comes on the heels of the $8 million Series A round that had closed in July 2019. And this funding round brings the total funding to $26 million. Over the last 3 months, Ally added over 100 new customers and has doubled the number of its employees.
“We are thrilled to partner with Tiger Global and are thankful for the strong support of our existing investors, Accel, Vulcan Capital, Founders Co-op, and Lee Fixel. Tiger Global’s investment is a validation of Ally’s strong growth trajectory and vision to create the new business operating system that powers modern enterprises to deliver exceptional results through alignment, agility, transparency and data-driven execution,” said Vetri Vellore, founder and CEO at Ally.
Going forward, Ally will continue to rapidly scale global sales, marketing, and professional services while making significant investments to expand the product offering thus cementing the company’s position as a leader in the emerging business performance management software category.
“Enterprises of all sizes are shifting towards aligned, agile, data-driven business processes to improve results. Ally’s OKR solution improves productivity and we’re excited to partner with Vetri and the Ally team,” added Scott Shleifer partner at Tiger Global.
