Building the next stage of Shortcut - announcing $25M in Series B funding led by Greylock Partners

Building the next stage of Shortcut - announcing $25M in Series B funding led by Greylock Partners

Kurt Schrader
CEO and Co-Founder
January 23, 2020

Andrew and I started Shortcut 5 years ago with the idea that we could build a better way for product and engineering teams to collaborate on the work that they do every day. We wanted to build something that would be a collaborative home for software teams that would bring together all of the work done by engineers, product managers, designers, and everyone involved in the software development process. A place where the conversations about the “why” and the “how” of what is being built could all live together while being a joy to use day-in and day-out.

From day one, our philosophy has been to deliver products and features that are fast, enjoyable, and a joy to use so software teams can focus on what matters – creating quality software.

A home for collaboration: redefining how software is created

Fast-forward five years and we’ve built a tool that’s used (and loved) by thousands of teams and tens-of-thousands of users every day. Shortcut has evolved to become an integrated set of tools on top of a powerful platform that helps teams build better software faster:

  • Shortcut Build: The foundation of the Shortcut platform that helps teams manage projects through the different development phases.
  • Shortcut Write: makes it easier for your software team to document, collaborate, and ideate together. Write seamlessly interacts with Shortcut's product management platform.

We’ll continue to invest in building a more powerful platform to help modern software teams and their collaborators to do their best work while being a joy to use.

What’s coming next...

We’re just at the beginning of this journey. Last year we rolled out features like Iterations, an Android App, the first version of Write, a boatload of integrations, and more - (you can read more about what we launched on our blog). We did over a thousand software deploys to constantly bring you new features and additional refinements.

Heading into 2020 we have a lot of exciting new features for Build and Write to give teams even better visibility into what is being done, including:

  • Timeline views for roadmapping and planning
  • Enhanced reporting for more customized insights
  • More automations to do repetitive things for you
  • Enhanced Groups for easier collaboration with your team
  • An importer from other PM tools to quickly get started with Shortcut
  • General Availability of Write, with seamless integration with Build
  • Even more speed improvements to keep things moving faster and faster
  • Continued enhancements to our API

We’re also working on making it even easier to zoom in to just the work that you’re doing while not losing track of everything that your team (and company) is working on. We’re always working to improve the core of Shortcut to keep making it easier to use, faster, and more integrated with the tools that you already use each day.

A note on our funding

We’re announcing today that Shortcut has closed a Series B financing of $25M in new capital led by Sarah Guo at Greylock Partners with participation from our existing investors Battery Ventures and Lerer Hippeau Ventures. We’re also added a number of new strategic investors, including Olivier Pomel (co-founder and CEO of Datadog), Dev Ittycheria (CEO of MongoDB), Nat Turner (co-founder and CEO of Flatiron Health) and Todd Olson (founder and CEO of Pendo). We’re planning to use this funding to do what we always do, double-down on product development to bring you more of what you need, and to do it faster than ever before.

So thank you!

There are many people who’ve helped us reach this point that I’d like to take a moment to thank.

Thank you to everyone out there using Shortcut every day to build great software. We have an incredible user community - please keep the feedback coming and we’ll keep building better and better tools for you.

Thank you to everyone at Greylock Partners, Battery Ventures, Lerer Hippeau Ventures, Resolute Ventures, and all of our strategic and seed investors for believing in our vision.

Last but not least, thank you to the team building Shortcut. I am excited and proud of our progress so far and I’m looking forward to everything that we’re planning to build as we continue moving forward.

We're excited about the next chapter. We’re committed to making Shortcut more flexible and powerful, while never losing focus on building a product that people love using and on building a company that people love to work at! (If you haven’t tried out Shortcut yet, it’s free for up to 10 users. Sign up now!)


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