Craft.io, a Tel Aviv, Israel-based product management startup, closed an $8 million Series A funding round to revolutionize how teams work in an agile environment.

The funding round was led by JAL Ventures, with participation from Fosun RZ Capital, Inimiti, and Ron Zuckerman.

With this round, Craft.io has now raised a total of $14.5 million in funding that will be used to accelerate its go-to-market efforts and develop machine learning-based tools to expand its platform’s capabilities.

Company: Craft IO Ltd.

Raised: $8.0M

Round: Series A

Funding Month: November 2021

Lead Investors: JAL Ventures

Additional Investors: Fosun RZ Capital, Inimiti, and Ron Zuckerman

Company Website: https://craft.io/

Software Category: Product management platform

About the Company:  Founded in 2015, Craft.io came to life when a group of PMs came together to solve a fundamental problem in the industry: Product Managers lacked a home of their own. Craft.io was founded with product managers in mind as it aims to improve collaboration and adaptability among teams, helping product managers across every step of their roadmap. Craft.io is a product management platform built for product managers. With Craft.io you’ve got a strategy, ideas and feedback, roadmaps, prioritization, progress tracking, and team collaboration, all at your fingertips, in one simple to use platform. Craft.io gives you a comprehensive, streamlined, intuitive platform for planning and managing your products. The platform is now used by some of the world’s biggest companies, including Kimberly-Clark, SAP, Danone, and Cisco Systems. 

Source: https://gritdaily.com/craft-io-secures-8-mln-to-change-how-agile-teams-work/