Denver – December 10, 2019 – Today Gtmhub, the world’s most powerful objectives & key results (OKRs) and business success platform, revealed it has secured a $9 million Series A round led by CRV and backed by Berkay Mollamustafaoglu, Head of OpsGenie at Atlassian, Augusto Marietti, CEO of Kong, and previous investor Launchub Ventures. This investment round will support the growth and adoption of Gtmhub’s software that helps enterprises bridge the gap between strategy and operational execution, and enables companies to achieve better goals using integrated enterprise success systems.
“OKRs are quickly becoming the engine of the global economy, and our mission is to be the fuel for that engine,” said Ivan Osmak, co-founder and CEO at Gtmhub. “We are a solutions-oriented company competing against the failure of the BI market and providing the kinds of insights that technology promised at one point. With this funding we want to create an enterprise success system to help customers achieve maximum growth acceleration.”
With this financing, Denver-based Gtmhub plans to expand global operations and release substantial updates to product integration features and functionality. Specifically, Gtmhub will:
- Expand current operations in its global offices: London, Berlin, Sofia and Denver. This will include strategic hires to expand the Product team and scale the global go-to-market and growth activities.
- Build upon their existing 150 data integrations and tools to improve the functionality of the platform and include more in-depth integrations with popular communications platforms like Slack, MS Teams and other key intelligence tools.
- Launch an internal marketplace where 3rd parties can list templated Objectives, Key Results or Insights for immediate ‘plug-and-play’ use by Gtmhub customers.
- Expand the fully-integrated success solution for enterprise customers.
Founded in 2015, Gtmhub pioneered the technological tools and software necessary to enable today’s enterprises to benefit from the widely adopted OKR methodology and process for organizational goal-setting and management. Currently more than 300 enterprises, not-for-profits and governments rely on Gtmhub to align and focus their organizations for accelerated growth. With four global offices in London, Berlin, Sofia and Denver — this Series A round allows Gtmhub to grow their position as a leader in the global market for business transformation technologies.
“We surveyed all of the OKR platforms in the market and found that Gtmhub not only had the strongest, most diverse team but it’s the only product that addresses and meets the standards of small companies up through enterprises and governments,” said Reid Christian, General Partner at CRV. “Alignment, focus, transparency, and engagement are about to become the cornerstones of organizational success thanks to Gtmhub.”
About Gtmhub
Founded in 2015, Gtmhub offers world’s most effective organizational success system bridging the chasm between strategy and execution. Rooted in a sophisticated Objectives and Key Results (OKR) platform, Gtmhub’s solution enables real-time decision making for accelerated growth, leading to transformational change. Hundreds of companies across the globe use Gtmhub to improve internal alignment, clarify focus and achieve strategic priorities. For more information please visit Gtmhub.com.
About CRV
CRV has been a leading investor in high-growth technology companies for nearly half a century, focusing on enterprise, consumer and bioengineering. The firm has backed over 400 startups in its nearly 50-year history, including some of the biggest tech exits in the last few years including Dropbox, PillPack, Ring, Twitter, and Zendesk. CRV has offices located in San Francisco and Palo Alto, CA, and Cambridge, MA. Please visit CRV.com for more information and follow us on Twitter @CRV.
