# Producteev

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/producteev

- Industry: Internet
- Headquarters: New York, US
- Website: www.producteev.com
- Total disclosed funding: $1.1M
- Latest round: Angel (Feb 1, 2010)
- Investors on record: 3

## About

Producteev, LLC is a task management software provider specializing in productivity solutions for both individual users and teams, enhancing project efficiency.Founded in 2008 in New York, US, Producteev, LLC focuses on creating collaborative task management tools. The company was acquired in November 2012 by Jive Software, Inc., a portfolio company of Kleiner Perkins Caufield & Byers and Sequoia Capital. The firm has completed a total of 4 deals, with its most recent funding round being an Angel round raising USD 0.95 mn from investors including Palm Ventures and SquareOne.Producteev offers a suite of productivity solutions aimed at improving task organization and team collaboration. These solutions are designed for individuals and businesses, facilitating project management and enhancing workflow efficiency. The customer base includes business professionals across various sectors, with significant engagement in technology and creative industries, particularly in North America and Europe. The company focuses on delivering reliable software that meets varying user requirements.The company's revenue model revolves around subscription services and direct sales, which ensures consistent income and fosters long-term relationships with clients. Transactions are facilitated through direct-to-consumer sales and B2B partnerships, enhancing interaction and service delivery. Pricing plans are structured to cater to diverse customer segments, incorporating flagship offerings that meet specific market needs, thus supporting sustainable revenue generation.Following the acquisition by Jive Software in November 2012, Producteev plans to leverage its position for future growth by developing new features and products aimed at enhancing user experience in collaborative task management. The company is targeting expansion into European and Asian markets, with anticipated growth initiatives planned for 2024. The funds raised during the recent Angel round will be allocated towards product development and marketing efforts to support these expansion plans.

## Funding rounds

- Angel, Feb 1, 2010, $0.9M — Palm Ventures, SquareOne
- Seed, Jul 15, 2008, $0.2M — Felicis Ventures

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- Palm Ventures — Angel
- SquareOne (https://capitalatlas.ai/funds/squareone) — Angel