Menu
Kiwi firm raises $3.5m in funding to support expansion

Kiwi firm raises $3.5m in funding to support expansion

The funding round is also marked by the appointment of the firm's first board of directors.

Auckland-based Projectmanager.com, a provider of project management software, has raised $3.5 million in Series A funding to support the company's momentum and expansion into the United States, where 80 per cent of its user base currently resides.

The round is marked by the addition of a board of directors, including Guy Haddleton, co-founder of San Francisco-based Anaplan, Herb Hunt, former IBM executive and director of Wynyard Group, and Graham Shaw, director of Xero.

"Even at this early stage, ProjectManager.com is leading the pack in the B2B market, uniquely offering social, video, mobile and content in one easy-to-use project management platform," said Jason Westland, CEO, ProjectManager.com. "With this round of funding, we can expand our platform to take the enterprise market by storm."

The round was managed and led by NZ’s Zeus Management.

"This funding was provided by international investors associated with Zeus Management who have had significant prior investments in the IT industry, including in such companies as Orion Healthcare, Navman, Wynyard and Revera," said Andrew Clements, chairman, Orion Health and director at Zeus Management.

"We are excited by the opportunity ProjectManager.com has in the U.S. marketplace. With a fast revenue growth rate, a proven platform and an impressive customer base, it's destined for greatness."

According to a statement from the firm, it has enjoyed 85 per cent year-on-year growth in the last three years, with a software solution that is available with social, video and mobile content built-in to enable collaboration while managing projects. The firm counts around 15,000 users globally, with around 150,000 people using its mobile app.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags xeronavmanfundingReveraOrion Healthcapital raisingProjectmanager.comWynyard GroupAuckland firmKiwi ICTKiwi firmzeus management

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments