Vancouver, British Columbia – Zenhub is excited to announce it has raised $10 million in its Series A funding round. Led by BDC Capital, with additional investments from BMO Capital Partners and Yaletown Partners, the new capital will be used to accelerate product development and expand into new markets.
Founded by Tyler Gaffney, Zenhub is a project management platform used by over 8000 software development teams to plan, track, and prioritize their work. Unlike other tools, Zenhub is purpose-built for teams to stay close to their codebase using native integrations. This eliminates data inaccuracy and makes it easier for collaboration across the organization.
“We are thrilled to have closed this funding round with such an experienced group of investors," said Tyler Gaffney, founder of Zenhub. "The funds will be used to continue our mission of helping software developers around the world be more productive and collaborative." “Our goal is to make sure that each team has access to the best tools so they can focus on what matters most - building great products."