- Clubhouse — a collaborative home for modern software teams — announced recently that it raised $25 million in Series B funding
Clubhouse — a collaborative home for modern software teams — announced recently that it raised $25 million in Series B funding. Including this round of funding, the company has raised a total of $39 million. This round of funding was led by Greylock Partners with participation from existing investors Battery Ventures and Lerer Hippeau.
With this round of funding, Clubhouse is accelerating its product innovation and scaling the team as it looks to surpass the one million user milestone next year.
“Clubhouse is redefining how quality software is created,” said Kurt Schrader, co-founder and CEO of Clubhouse. “We’re continuing to invest in building a faster and more powerful platform that will power modern software teams and their collaborators to do their best work, while being a joy to use.”
Software project management tools are known for being either too simple or unable to scale as teams grow. Or the tools are overly complex. As a result, these complex project management tools create silo effects that minimize collaboration and visibility between engineering teams and the rest of the organization.
“Building great software is the basis of competition for more businesses in more industries than ever before,” added Sarah Guo, general partner at Greylock and Clubhouse board member. “Yet the aging tools used to organize software development often make the process harder, not easier. With their blazingly fast, simple yet powerful software project management, Clubhouse is reinvigorating a huge but long-stagnant market. They’ve demonstrated both scalability and developer love that we believe has enormous potential. We’re thrilled to partner with the entire team as they grow and provide companies with a better, collaborative home for software teams.”
Since the beginning, Clubhouse’s philosophy has been to deliver products and features that are fast and enjoyable so teams can focus on what matters: working together to create quality software their customers love.
“The hard truth is that we haven’t seen a modern vendor emerge in the last decade in the project management software space – despite huge changes in the overall software-development process,” explained Neeraj Agrawal, general partner at Battery and Clubhouse board member. “We think Clubhouse is the new market entrant that can really shake up the sector. We have been extremely impressed with the company’s rock-solid team, innovative mindset and revenue traction to date, and we have high hopes for continued growth.”
Clubhouse’s platform provides the right balance of simplicity and structure so product and engineering teams can effectively plan, collaborate, and manage their work across the entire organization. Plus it scales as their teams grow without friction.
“We recently moved off multiple project management tools to all lock arms in Clubhouse,” stated Christine Spang, co-founder and CTO of Nylas. “With Clubhouse, we are able to track issues and collaborate successfully across departments. The team works faster and with less friction because managers and execs can trust the latest information is in Clubhouse without interrupting the team.”
Clubhouse originally released its flagship product in February 2016, which is used by thousands of organizations, including Dataiku, FullStory, Glitch, LaunchDarkly and Scale AI. In December 2017, Clubhouse raised $10 million in Series A led by Battery Ventures. And in October 2018, Clubhouse released the Enterprise Edition of its flagship product. About a year later, Clubhouse introduced its second product called Write, a real-time collaborative knowledge-base tool and thousands signed up for the beta.
“Clubhouse is built by engineers for engineers,” noted James Turnbull, VP of Engineering at Glitch. “The workflow of the tool fits perfectly – we were able to get set up in less than 15 minutes. It makes my life easier and doesn’t get in the way and allows me to focus on my team and my goals.”
