Productiv, a US-based software engagement analytics platform developer, has raised $45m in its series C round from a consortium including Okta Ventures, the $50m corporate venturing vehicle launched by identity management technology developer Okta, and new strategic investor Atlassian Ventures.
Venture capital firms IVP, which led the round, Accel and Norwest Venture Partners also participated.
During the past year, Productiv has doubled its headcount and more than tripled revenue, including new enterprise customers DocuSign, Kayak, PagerDuty, SentinelOne, Robinhood, and GlobalLogic.
Founded in 2018, Productiv markets an analytics platform that enables enterprises to evaluate how employees use the software-as-a-service (SaaS) products they subscribe to. The company has now raised $73m in total.
In November 2019, Productiv completed a $20m series B round featuring Okta Ventures.
The round was led by investment firm Norwest Venture Partners with participation from venture capital firm Accel, which had previously led Productiv’s $8m series A round in March 2019.
