Targetprocess Closes $5 Million in Series A Funding

Enterprise agile planning provider Targetprocess completed a $5 million Series A round led by the European Bank for Reconstruction and Development, headquartered in London, and Zubr Capital, a private equity firm in Minsk, Belarus.

Targetprocess says its visual management platform for Agile teams and organization has expanded through customer referrals to support 1,000 customers and 51,000 licensed users without relying on external funding.

The company plans to use the funds to deliver new capacity planning features, finish some under-the-hood improvements, and speed its growth of sales, marketing, and customer support in North America.