Startup Productiv Raises $45 Million in New Funding

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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