Software Startup Secures $10 Million

Clubhouse Software, the maker of a modern project management platform for software development teams, raised $10 million in Series A financing, led by Battery Ventures. Existing seed investors Resolute Ventures, Lerer Hippeau Ventures, Neu Venture Capital, RRE Ventures, and Zeitgeist Partners also participated in the funding round.

The New York City-based company was founded in 2014 by Kurt Schrader and Andrew Childs, who worked together at an ad technology company. The Clubhouse system, according to the company, is meant to replace project management platforms like Trello, with very simple models, all the way up to complex offerings like Jira, so that users understand what different sections of an engineering department are doing throughout the day.

Clubhouse intends to use the new funds to expand its engineering team, build out more integrations into other software products, expand its focus on larger enterprise customers, and enhance customer support.