Allstacks, maker of productivity software, raises Series A funding

Allstacks, a software startup split between Raleigh and Austin, has raised $12.3 million to fund an expansion of its productivity tools that have benefited from a rise in remote work, the company tells Axios. Why it matters: Productivity tracking tools, like the one offered by Allstacks, have become attractive as companies manage the progress of teams spread all over the world. • As remote work seems set to continue in large numbers, Allstacks founders say interest in its products remains strong. State of play: Allstacks fundraising comes at a challenging time for startup support nationally, as investors have become more cautious due to rising interest rates. Yes, but: Venture capital firms still have a record amount of money to invest and startup funding has remained strong in the Research Triangle region despite the national downturn.