Proggio Raises $7M in Series A Funding

$7M Series A funding was raised by Proggio, a Tel Aviv-based company that provides a Project Portfolio Management Solution.

2.0 Ventures was the lead, with Mangrove Capital Partners as well as Cresson Management joining in.

The company intends to use the funds to accelerate its operations and growth in the United States and continue to strengthen its enterprise solution.

Led by CEO Yaniv Shor, Proggio provides an adaptive project portfolio management solution for enterprises and mid-market companies. The system simplifies project portfolio management and accelerates digital transformation for a market that primarily uses spreadsheets and presentations. Customers can have full control over all digital information sources and gain complete visibility into their project portfolio. They can also adapt project plans continuously.

Using its patented project diagram architecture, called the “Project Map,” the company is constantly evolving its solution’s capabilities to optimize the project intake process, risk assessment, prioritization, and business analysis. Proggio is an open API, which integrates with Jira (Slack), Teams (Microsoft and Google) and other applications.

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