Prague’s company collaboration analytics platform Time is Ltd. has raised $5.6 million in a late-seed round led by angel investor Mike Chalfen of London’s Chalfen Ventures. The round also saw participation from Illuminate Financial Management, Acequia Capital, and existing investor Accel, as well as angel investors Paul Sallaberry and Clark Golestani. The firm reports that Ulf Zetterberg, founder and former CEO of Seal Software, will be joining Time is Ltd. as President and co-founder. The funding is expected to drive invernational expansion as well as further product development.
Founded in 2017 by Cyril Hoschl and Jan Rezab, Time is Ltd. seeks to address the elephant in the room. Namely that for all the collaboration and communication tools present within the modern-day corporation, who much actual, real-live, productive, work is being done?
Time is Ltd. seamlessly integrates with Microsoft 365, Google Workspace, Slack, Microsoft Teams, Webex, and Zoom, giving customers insights into team productivity during the shift to remote working. This data in turn then allows managers the ability to understand just how effective collaboration tools are, and help them formulate new plans on how to increase productivity, actual engagement, and real collaboration within their departments.
Data points include over 400 user-defined selections, allowing said managers to plot their own course, and most importantly, measure it.
“The opportunity to analyze these kinds of collaboration and communication data in a privacy-compliant way alongside existing business metrics is the future of understanding the heart beat of every company – I believe in 10 years time we will be looking at how we could have ignored insights from these platforms”, says Jan Rezab, CEO and Co-founder of Time is Ltd.
Based out of New York, newly appointed President and co-founder Ulf Zetterberg will head up sales, partnerships, and go-to-market strategy. Zetterberg brings over 25 years of experience to the table, and has an impressive track record of scaling software businesses. A prime example, Zetterberg founded and sold contract analytics firm Seal to Docusign for $188 million in 2020, and has held senior executive positions at OpenText, Legato, EMC, Kazeon, and Proact.