TEL AVIV, Israel and NEW YORK, April 6, 2017 /PRNewswire/ --
Series B Round Led by Insight Venture Partners and Existing Investors Genesis and Entree Capital
Today, dapulse, a people-centric SaaS tool that improves team management, communication, and productivity, announced it raised $25 million in its Series B round, bringing its total funding to $34.1 million. New York-based private equity and venture capital firm Insight Venture Partners led the round with participation from existing Series A investors Genesis and Entree Capital. The company will use the funding to scale its rapid growth, expand its product offering, and ultimately, impact thousands of new businesses.
"As we surpass 10,000 paying companies within three years of launching, partnering with Insight is an exciting next step," said Roy Mann, co-founder and CEO at dapulse. "The positive response to our product from our customers has been overwhelming. With this new strategic partnership, we are further enabled to create the best product we can to ensure we are helping our customers improve how they work together as they conquer their goals."
Launched in 2014 and headquartered in Israel, dapulse provides a fundamentally different way for teams to work together. The product structure is simple and flexible enough to meet the needs of just two people working together, as well as vastly complex workplace operations of thousands, spanning different departments and time zones. The product can be customized to any team's work process and has widespread appeal across many business verticals. Active customers include Adidas, AT&T, Discovery Channel, Samsung, Uber, WeWork, and Wix among over 10,000 others.
The new funding will further dapulse's ambitious growth strategy, which will scale international operations, develop further product integrations, and continue acceleration of vertical-specific customization.
"dapulse is designed to be the first thing our users check upon arriving in the office and the last before they leave, a seamlessly integrated part of their work day," says Eran Zinman, co-founder and CTO of dapulse. "50 percent of our employees work in R&D and 100 percent of our team is focused on providing an outstanding product experience. From our marketing efforts to our customer success team, we always want our users to know we care. Insight immediately recognized this as the essence of our product and we are delighted to have them as our partners as we explore what's next. The best is yet to come!"
"dapulse is emerging as a clear leader in the SaaS project management industry as they bridge the gap between people and technology and are a transformational tool with mass market appeal," said Jeff Horing, Managing Director at Insight Venture Partners. "We are pleased to partner with this exciting business and their leadership team to further accelerate international growth and strengthen product reach."
Read more about dapulse's growth in the company's funding announcement blog post at:
dapulse is a team management tool designed to improve work processes and create an environment of transparency in business. As a web-based SaaS company, dapulse facilitates a more efficient and intuitive way to manage teams and entire operations.
Headquartered in Israel, the tool is fully customizable to suit any business vertical and currently has over 10,000 paying teams around the world from over 125 countries.
About Insight Venture Partners:
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth software and internet-enabled companies that are driving transformative change in their industries.
Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide. Our mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success.
For more information on Insight and all of its investments, visit http://www.Insightpartners.com or follow us on Twitter: @Insightpartners.
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