Gtmhub Raises $120 Million Series C Largest Funding Round in the OKR Software Space
Funding comes less than 12 months after the $30M Series B and will drive continued scale and product innovation, including predictive and prescriptive capabilities
Gtmhub, the leading provider of OKR (objectives and key results) software, closed a $120 million funding round, the largest round in the OKR software industry to date. Led by Index Ventures with participation from Visionaries Club and returning investors, Insight Partners, Singular and CRV, the round will be used for scaling operations, increasing market penetration and expanding product offerings, including predictive and prescriptive capabilities.
Gtmhub’s latest funding round comes less than 12 months after it raised a $30 million Series B in January 2021. With $161 million in total funding, Gtmhub has raised more than any other organization in the $42 billion OKRs software space. This rapid growth demonstrates Gtmhub’s position as a dominant player in the market and validates the increasing demand for enterprise OKR solutions to enable successful strategy execution.
Businesses often have internal silos, and employees don’t understand how their work contributes to the long-term success of the organization. Gtmhub’s OKR platform helps companies stay laser-focused on goals while maintaining transparency and visibility across the organization. With this most recent funding, Gtmhub will double down on platform innovation including prescriptive and predictive capabilities further solidifying superiority over other players in the industry in terms of capabilities, vision and value.
“Putting up the largest round in the industry so far is only validation that our model is working and proof that other players just can’t keep up,” said Ivan Osmak, CEO of Gtmhub. “We are helping people and companies achieve their goals and get results while continuing to innovate and increase value for enterprise organizations and while our growth is rapid and our goals are ambitious, we have no plans to slow down.”
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Gtmhub’s clients include companies like Adobe, TomTom, Red Hat and Experian and its 500,000 users span more than 75 countries. The company employs 240 people but is on track to double its headcount and triple its revenue in the coming year. This news also comes on the heels of Gtmhub’s recent acquisition of Koan further bolstering their dominance in the OKR landscape.
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