Parabol, a remote meeting app, raised $4 million in Seed funding.
The round was led by venture capital firm Charles River Ventures (CRV), with participation from Haystack and Slack Fund.
According to the company, its mobile-ready SaaS app helps development teams, consisting of both in-house and remote workers, to conduct retrospective meetings and check-ins through a user-friendly platform.
The app is used by over 500 organizations, including major corporations, the company said in a statement.
“Parabol was created so that every meeting held amongst team members is actually worth the time invested. With the support of CRV and Haystack, we will make Parabol useful to more kinds of teams, and scale Parabol’s infrastructure to match our rate of growth,” said Jordan Husney, CEO and Founder of Parabol.
The company will use the new funds to further enhance user experiences and expand its sales marketing and product teams to better serve customers.