- Leading Product Portfolio Management platform Dragonboat announced it raised $3 million in a seed round of funding. These are the details.
Dragonboat — the leading Product Portfolio Management platform — announced recently it raised a $3 million seed round by Act One Ventures, Roble Ventures and GingerBread Capital. The strategic angels include Tom Bogan (former CEO of Adaptive Insights), Rob Hull (Co-founder of Adaptive Insights), Eddie Machaalani (Co-Founder of Bigcommerce), and Nuno Sebastiao (Co-Founder of Feedzai).
The decentralization of decision making means impact needs to be understood in real-time and visibility needs to be created across continents and teams need to collaborate cross-functionally to connect business, customer and product goals.
The rise of the digital enterprise transformed how companies do business and teams align. Collaboration and agility are more critical than ever before. And Dragonboat has seen incredible traction in 2021, growing 300% with customers including Chime, F5 Networks, Rapyd, Miro, and Nium.
In order to support the rapid customer growth, Dragonboat added Bhaji Illuminati, a seasoned startup marketing executive as Chief Marketing Officer. And founding engineer Rui Chicória was promoted to Chief Technology Officer. Dragonboat plans to use the capital to grow the team across all functions and accelerate the adoption of its Product Portfolio Management platform for outcome focused teams.
KEY QUOTES:
“We are thrilled to welcome these influential founders and business leaders on our journey to make product portfolio management available to companies of all sizes. We’re on a mission to empower product leaders and their teams to align on goals, collaborate cross-functionally and make data-driven decisions that drive results.”
— Becky Flint, founder and CEO of Dragonboat
“Dragonboat provides the strategic framework and scalable platform for CPOs and their teams to drive real business impact. Every function has a system for data-driven decisions. Sales has Salesforce. Engineering has Jira. Customer Success has Zendesk. Product will have Dragonboat.”
— Tom Bogan, angel investor in Dragonboat
“As we operate in a fast changing market, making the right product and resourcing decisions while understanding the downstream implications is critical. Dragonboat enables us to have a complete view of business goals, customer needs and portfolio allocation. It helps us make the best product decisions while keeping everyone on the same page.”
— Rajesh Venkatesh, Chief Product Officer at Nium
