Israeli Dapulse, an SaaS tool that enhances team management, communication, and productivity, has raised $25 million in a Series B round, bringing its total funding to $34.1 million. 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 growth and expand its product offering.
Dapulse is a team management tool designed to improve work processes and create an environment of transparency in business. 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 tool is fully customizable to suit any business vertical and currently has over 10,000 paying teams around the world from over 125 countries.
"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 in a statement. "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."
Read more: PR Newswire (Press release)