Tuesday, May 21

ActivTrak Raises $50 Million in Funding Led by Sapphire Ventures

AUSTIN, Texas, 17th Nov. 2020– ActivTrak, a workforce analytics and productivity management software raises $50 million in Series B funding.

The funding will use to scale go-to-market activities in sales, marketing, and channels, and expand platform capabilities using AI-driven analytics to help companies better understand and optimize how digital work gets done.

With this round, ActivTrak’s raises total $77.5 million in funding.

“The move toward remote work has triggered companies to rethink how they measure and analyze employee productivity in today’s digital workplace,” said Nino Marakovic, CEO and Managing Director at Sapphire Ventures, who will join ActivTrak’s board of directors. “We’re excited to welcome ActivTrak to our portfolio, and to partner with CEO Rita Selvaggi and the team on their mission to improve the way employees, teams, and companies work.”

Since March 2019, ActivTrak has grown more than 200 percent led by a seasoned team of software industry experts with a proven track record in scaling high-velocity SaaS businesses.

The company now has more than 8,000 customers and over 250,000 users, and recently launched the ActivTrak Workforce Productivity Lab, a global center for research and expertise that helps companies embrace and embody the future of work.