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Startup Productiv raises $45M in new funding — hear from The Wall Street Journal

By Sara Castellanos


Productiv Inc., a startup that helps chief information officers manage the many software applications in use at a company, has closed $45 million in venture capital funding, amid revenue growth partly due to the pandemic

Productiv announced the Series C investment, which was led by Silicon Valley-based venture-capital firm IVP, on Wednesday. Total funding for the 3-year-old company is now $73 million and other investors include Accel and Norwest Venture Partners.

“The funding is a great validation of the momentum to date and all the potential we have ahead,” said Jody Shapiro, founder and chief executive of the Palo Alto, Calif.-based startup. Revenue has more than tripled over the past year, according to the company.

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Productiv is the only SaaS Management Platform built for bringing teams together. From new purchase requests to renewals, and everything in between, Procurement, Finance, and IT work in Productiv to align around trusted data, get AI powered insights, collaborate, make smarter decisions, and have confidence in every investment, at scale.

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