Ninety.io, an Atlanta-based software startup, has secured an undisclosed amount in Series A funding to expand its cloud-based platform.
The funding round was led by Insight Partners, a New York global private equity and venture capital firm. The capital will allow Ninety.io to develop new tools to provide organizations with new ways to stay connected and engaged while increasing productivity. Brad Fielder, Senior Associate at Insight Partners, referred to the round by stating:
“In the transition to ‘work-from-anywhere,’ SMB business leaders are increasingly looking for one platform where they can set business objectives, streamline communication and track performance across the entire organization. Ninety.io’s platform makes it easy for SMBs to easily adopt its tools with high ease of use, allowing it to scale quickly across an organization. Insight Partners looks forward to partnering with Ninety.io as it continues to grow.” Brad will join Ninety.io’s board.
Founded in 2016, Ninety.IO has been creating a cloud-based platform that includes features like Rich Text Editing, shared to-do lists, accountability charts, meeting and issues management, scorecards, and more. The startup has seen its solution be adopted by over 4.000 companies looking to apply the “Entrepreneurial Operating System” organization method. Mark Abbott, Founder and CEO of Ninety.io, said about this mission:
“It’s never been more apparent, and urgent, for companies to embrace the productivity and culture-enriching advantages of a cloud-based company operating system. With the investment and support of Insight, we will accelerate our ability to deliver exceptional value to the companies and coaches that love Ninety, as well as dramatically expand the reach of our business.”
With more organizations transitioning to remote working, not only has the demand for cloud-based solutions skyrocketed but leadership teams are also looking for new ways to improve communication, accountability, and engagement. By meeting this demand with its platform, Ninety.io has set its eye to become a major player in the revolution started by the COVID19 pandemic.