Denver’s Gtmhub, a software startup that helps companies stay focused on key objectives, announced a new $30 million funding round on Monday that will help grow its global team.
The round was led by global venture capital and private equity firm Insight Partners with participation from Singular; existing investors CRV and LaunchHub Ventures contributed as well.
Since raising a $9 million Series A funding in November 2019, Gtmhub has grown by more than 500% in customers and 1,100% in users. Today, Gtmhub profitably serves more than 800 organizations globally, including Adobe, CNN and Red Hat, and over 100,000 users in 75 countries.
Founded in 2015, Gtmhub offers technological tools and software to enable enterprises to benefit from OKR's methodology and process for organizational goal-setting and management.
The platform integrates Slack, Jira, Facebook Workplace, and hundreds of other systems to allow employees to view the company's goals in their favorite apps. With Gtmhub, companies can transparently share progress on objectives, both short-term and long-term.
The company, which has 100 employees and offices in Denver, Sofia, Berlin, and London is remote-first and intends to use the funds to expand its sales, marketing, customer success and engineering teams.
“If there was one word to describe this round from start to finish, it would be ‘ludicrous,’” said Ivan Osmak, CEO of Gtmhub, in a statement. “The number of firms that reached out and the speed they were willing to move at to make it happen was like nothing I’ve seen before. The fact that a firm as prestigious and respected as Insight closed with us as quickly as they did is a great sign of validation for the work we have done and our long-term vision.”
