AAA Corporates help provide $12m for Process Street

Corporates help provide $12m for Process Street

Enterprise software providers Atlassian and Salesforce have participated in a $12m series A round for US-based workflow management platform developer Process Street.

The round was led by venture capital firm Accel while Salesforce invested through corporate venturing subsidiary Salesforce Ventures. Accel partner Rich Wong is joining the company’s board of directors in connection with the round.

Process Street has created a software platform that helps enterprises manage workflow for remote teams by enabling them to create collaborative workflow checklists without requiring coding skills. The cash will fund product development.

VC firm Blackbird Ventures led a $1.3m seed round for the company in 2017 following its graduation from startup incubator AngelPad. Its other investors include Nelstone Ventures and AirTree Ventures.

Vinay Patankar, co-founder and CEO of Process Street, said: “Salesforce Ventures and Atlassian were obvious partners. Salesforce Ventures has the leading global portfolio of enterprise SaaS (software-as-a-service) companies and brings access to the Salesforce platform and their customers.

“Process Street workflows are tightly integrated with other SaaS products and rely on the data and activity happening in these systems to automate work.”

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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