Proggio, a Tel Aviv, Israel-based provider of a Project Portfolio Management solution, raised $7M in Series A funding.
The round was led by 2.0 Ventures with participation from Mangrove Capital Partners and Cresson Management.
The company intends to use the funds to accelerate its operations and growth in the United States and continue to strengthen its enterprise solution.
Led by CEO Yaniv Shor, Proggio provides an adaptive project portfolio management solution for enterprises and mid-market companies. By bringing clarity and simplicity to project portfolio management, the system accelerates digital transformation in a segment that is primarily using spreadsheets and presentations. Customers can gain control over multiple sources of digital information, build complete visibility into all aspects of their project portfolio, and continually adapt project plans.
Using its patented project diagram architecture, called the “Project Map,” the company is constantly evolving its solution’s capabilities to optimize the project intake process, risk assessment, prioritization, and business analysis. Proggio offers an open API and natively integrates with Jira, Slack, Teams, and Microsoft and Google application suites.