Following to several successful exists and fundraising rounds, another Czech-related achievement has recently occurred in Silicon Valley. productboard, Silicon Valley and Prague-based startup founded by Hubert Palan and Daniel Hejl, has raised $10 million of additional funding. Like in the seed stage, the round was led by Index Ventures. Among the other participating investors are Kleiner Perkins and the Czech-based VCs Credo Ventures, Rockaway Capital and Reflex Capital. The mission of Productboard is to develop a product management system so the companies are able to deliver better and faster experiences for customers. In the more than two years productboard has as grown its user base significantly, from 100 customers in 2016 to more than 1,600 today. In addition to traditional digital product developers, the customer base consist of medical device companies, academic publishers and news organizations. Not only continuous and fast progress of productboard, but also bunch of other success stories such as acquisitions of Cognitive Security by Cisco, Apiary by Oracle or Stories.ai by Twillio proves that the Czech entrepreneurial innovation scene has been developing the right way.
Prepared by the team of foreign office CT San Francisco