We chose to partner with Accel because they believe in product-led growth, understand the SaaS space, and know how to deliver maximum value at scale. The experience built within Accel from investments in Atlassian, Slack and Dropbox means they’ve been on this journey before.
SAN FRANCISCO (PRWEB) April 08, 2020
No-Code workflow builder Process Street raises $12m Series A for its checklist software led by Accel, with other strategic investors including Atlassian and Salesforce Ventures, to create a GitHub of no-code for knowledge workers.
The funds will go towards building the GitHub of no-code; where teams around the world can find and use checklists, workflows and automations to improve their productivity at work.
Process Street is a fully-fledged no-code workflow builder with an easy-to-use interface that can handle almost any type of business process, from client implementation to employee onboarding and content approvals.
Process Street was founded by CEO Vinay Patankar and CTO Cameron McKay in 2014.
Vinay Patankar, CEO: “We were running a distributed marketing agency with contractors all around the world and were struggling to keep our repetitive processes on track. Spreadsheets and project management tools were causing more problems than solutions. We needed a tool to provide structure and manage internal workflows, so we built Process Street.”
Process Street services over 450,000+ registered users including enterprise customers like Colliers, Accenture, Spotify and Airbnb, as well as institutions like Columbia University and Johns Hopkins University. It is a fully remote team with 45 members spread across North America and Europe.
Vinay Patankar, CEO: “It’s a popular tool for remote organizations, and we use it heavily internally, but we’ve found an even greater market in distributed enterprises; large organizations looking to standardize and automate work across vast geographical areas.”
The round is being led by Silicon Valley based Accel.
Vinay Patankar, CEO: “We chose to partner with Accel because they believe in product-led growth, understand the SaaS space, and know how to deliver maximum value at scale. The experience built within Accel from investments in Atlassian, Slack and Dropbox means they’ve been on this journey before.”
Rich Wong, Partner at Accel will be joining the Process Street Board. Rich has been an investor and Board Member in fast-growth SaaS leaders such as Atlassian, Checkr and UiPath. Atlassian and Salesforce Ventures also invested in the round.
Rich Wong, Accel: “Process Street is a very intriguing story of a fully distributed team building no-code workflow tools for all types of other distributed teams around the world”
Vinay Patankar, CEO: “Salesforce Ventures and Atlassian were obvious partners. Salesforce Ventures has the leading global portfolio of enterprise SaaS 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. Our customers integrate with hundreds of different SaaS products, but Salesforce, Trello and Jira are among the most popular.”
The funds from the investment will go towards:
- Process Street will launch a mobile app, a redesigned experience, and build on recent improvements to enable manager approvals on-the-go.
- Process Street will continue to grow its library of plug-and-play process templates to be the largest repository in the world for all workflows and operational playbooks; the GitHub for knowledge workers.
- Process Street will launch further enterprise features for improved reporting and analysis, while opening up greater API access to let teams control their data and build custom automations.
- Process Street will also deepen existing partnerships and forge new ones; meaning greater alignment between Process Street and the other products customers rely on, furthering its seamless integrations.