Zenhub Raises $10 Million in Series A

by Kay Aloha Villamor in March 10th, 2023

Zenhub, a Vancouver, Canada-based project management solution for software teams, announced that it raised $10 million in its Series A funding.

The round was led by Yaletown Partners, with support from BMO Capital Partners and BDC Capital.

This funding will be used to expand the use of Zenhub’s project management platform beyond technical teams using GitHub. 

To support its “plug-in” to “platform” evolution, Zenhub is also announced the launch of Zenhub Issues, a brand new issue management experience to enable internal and external stakeholders to create and collaborate on tasks with their technical teams.

Zenhub Issues provides an alternative means for collaborating with developers that don’t require stakeholders to log into GitHub. It enables non-technical users to create issues, tasks, and track projects in Zenhub without requiring a GitHub account.

As software has become mission-critical to almost every modern organization, more stakeholders than ever are now involved in the process of developing software and bringing that software to market. “Software development is increasingly becoming a team sport,” said Tyler Gaffney, Zenhub’s CEO. “Unfortunately, teams typically find themselves working in silos when it comes to the tools they use to plan and track work. The driving force behind our platform vision is to break down these silos and provide a solution that every stakeholder, whether internal or external, can rely on to understand the progress of software projects.”

Company: Axiom Labs, Inc.

Raised: $10.0M

Round: Series A

Funding Month: March 2023

Lead Investors: Yaletown Partners

Additional Investors: BMO Capital Partners and BDC Capital

Company Website: https://www.zenhub.com/

Software Category: Project Management Software

About the Company: Zenhub is a project management solution for software development teams that helps software teams plan projects efficiently with automation and increased accuracy and visibility in GitHub. Zenhub empowers agile teams and organizations to scale and get more done with time-saving agile automation, fewer meetings, and more visibility in GitHub. It is purpose-built for teams to stay close to their codebase using native integrations. ZenHub is used by a huge number of customers globally, ranging from start-ups to large enterprises. Zenhub is used by over 8,000 software development teams to plan, track, and prioritize their work.

Source: https://www.globenewswire.com/en/news-release/2023/03/09/2623909/0/en/Zenhub-Raises-10M-in-Series-A-Funding-Round.html

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