# Tasktop Technologies Incorporated

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tasktop-technologies

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.tasktop.com
- Total disclosed funding: $22M
- Latest round: Series B (Apr 13, 2017)
- Investors on record: 4

## About

Tasktop Technologies, based in Canada, excels in providing Value Stream Management solutions, enhancing efficiency in software delivery through its innovative products.Founded in 2007 and headquartered in Vancouver, Canada, Tasktop Technologies specializes in optimizing software delivery processes for enterprises. The company was co-founded by Gail Murphy, who has a notable background in software development. Tasktop has successfully raised a total of USD 100.00 mn through various funding rounds, with the latest funding round occurring on May 18, 2022, led by Sumeru Equity Partners. This acquisition of Tasktop Technologies by Planview, Inc. marks a strategic transition, integrating its team into a larger operational framework, although financial terms were not disclosed.Tasktop specializes in Value Stream Management (VSM) solutions, with its flagship products, Tasktop Viz and Tasktop Hub, designed to enhance software delivery efficiency. Tasktop Viz enables organizations to visualize and measure their value streams, helping CIOs and product leaders identify bottlenecks and address dependencies to improve software delivery processes. Tasktop Hub facilitates the creation of an interoperable tool stack by integrating over sixty popular software development tools, thereby eliminating error-prone manual data entry and enhancing traceability between teams. These solutions target enterprises within the Global 2000, which include large-scale organizations across various industries such as technology, finance, and healthcare, operating primarily in North America, Europe, and Asia-Pacific markets. By leveraging these products, companies can optimize their software development workflows, ultimately aiming to shorten time-to-market and increase operational efficiency.Tasktop generates revenue primarily through subscription-based models for its software solutions, with clients typically entering into annual agreements for access to Tasktop Viz and Tasktop Hub. The pricing structure is designed to accommodate the varying needs of organizations, reflecting the scale and complexity of their software delivery operations. Each subscription plan provides access to a suite of features, including comprehensive integration capabilities and advanced analytics for monitoring value streams. Clients, which include some of the largest tech firms globally, benefit from a seamless experience that enhances their ability to manage and improve software development processes. Revenue is derived from these business-to-business transactions, where enterprise clients invest in Tasktop’s solutions to drive innovation and efficiency in their operations.The strategic acquisition by Planview, Inc. in May 2022 positions Tasktop to expand its expertise and thought leadership in Value Stream Management. Future initiatives include the enhancement of existing products as well as the introduction of new offerings aimed at further improving efficiency in software development. The integration into Planview will allow Tasktop to leverage additional resources for expanding into new geographical markets, particularly targeting regions in Europe and Asia-Pacific by the end of 2023. The recent funding will support these initiatives, facilitating the development of innovative solutions that address the evolving needs of enterprise clients.

## Funding rounds

- Series B, Apr 13, 2017, $11M — Austin Ventures, Yaletown Partners, AVX Partners
- Series A, Jun 24, 2014, $11M — Austin Ventures, Yaletown Partners, Elsewhere Partners

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B
- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series A, Series B
- Elsewhere Partners (https://capitalatlas.ai/funds/elsewhere-partners) — Series A
- AVX Partners (https://capitalatlas.ai/funds/avx-partners) — Series B