Earlier this week San Francisco’s Productboard announced it had closed a USD $125 million Series D funding.
This latest funding round takes Productboard’s valuation to USD $1.725 billion, making them a unicorn.
Productboard is a customer-centric product management platform that helps teams get the right products to market faster.
From Zoom to Volkswagen, more than 5,400 companies of all sizes, across all sectors have looked to Productboard in their effort to digitally transform and get the right products to market, faster.
The investment will support and scale product offerings for Productboard’s growing base of enterprise customers, fuel hiring efforts, and continue to position the company as the leader in the product management software space.
According to BetaKit, Productboard intends to hire 70 employees divided between Vancouver and Toronto in 2022.
“We recognize just how immensely qualified and diverse the talent market is in Canada, so we will be focused on growing our team in both Vancouver and Toronto,” Productboard’s senior communications manager, Neha Jewalikar, told BetaKit.
The Silicon Valley startup opened an office in Vancouver office in 2021, where it currently has 67 employees and 19 open positions.