Launchub Partners LTD - Sofia - Short Company profile

Software company Gtmhub received a record funding - USD 120 million The Bulgarian-American Gtmhub has received USD 120 million in a record round for the Bulgarian startup, the company announced. Unlike the previous stages of financing, in which the Bulgarian funds LAUNCHub (which were among the first supporter companies years ago) and Eleven, this time in the C series round, all investors are foreign - the leading funds Index Ventures, with participation from Visionaries Club and previous investors Insights Partners, Singular and CRV. In total, the company has raised about USD 161 million so far. Earlier this year, it had received a USD 30 million investment in Insights-led Round B. Gtmhub was founded by former Telerik employees in 2015. The company for development of software for planning work through the OKR system (Objective and Key Results; objective indicators). It allows task planning and monitoring the progress of teams and employees. Gtmhub software is used by companies such as Adobe, Experian, Red Hat, etc., and the number of end customers is over 500 thousand from 75 countries. LAUNCHub Ventures were among the first investors in Gtmhub, leading a USD 1.2 million side investment almost four years ago. Eleven and the founder of Telerik also took part in it.