202128 Sep

backs organisational design tool Functionly in its $3.6m seed round

Summary

Functionly today announced a seed funding round of $3.6m to further its mission to disrupt and democratise organisational design with simple-to-use software. This capital will see the company accelerate product and technology development and bring a free version of the software to market, as it further expands into the US, Europe and APAC. Functionly was founded in 2018 by CEO, Tim Brewer and Co-Founder, Damian Bramanis and consists of a global team who have worked with companies including Dropbox, Teamline, Auth0 and Yammer. I’m not saying the McKinsey’s and Deloitte’s of this world don’t have a role, but with effective software like Functionly the outcomes are 100 times faster and always available,” he added. In the wake of the Covid-19 pandemic, Functionly’s paid customer base has grown by almost 900% as the urgency increases for businesses to understand and have more granular insight into their teams and personnel, amongst mid to large companies in particular.

Source: Investible

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