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Bain Capital Ventures leads $10m Wrike Series A round

1 Oct 2013

Interactive_project_timeline_Gantt_chart_WrikeBain Capital’s venture arm has led a $10m Series A financing round for project management and collaboration software business Wrike.

The previously self-funded business has grown to provide social project management services to more than 4,000 customers worldwide, it said.

Bain Capital Ventures’ Todd MacLean will join the Wrike board of directors as part of the investment, as will SurveyMonkey senior vice president Tim Maly.

MacLean said, “While there are many elements occurring at Wrike that we find compelling – a truly great product that helps make customers’ working lives better as the most important starting point – at the end of the day, our business is really about picking the right teams and then supporting them however we can.

“The most powerful signal is what the market is telling us. Wrike’s customers are almost cultish in their devotion to the company’s product.

“When you can get all of these planets to align, you have the chance for really good things to happen.”

Earlier this year US service management software platform Booker secured $27.5m in Series B financing led by Bain Capital Ventures.

Booker’s Series A investors, Revolution Ventures, Grotech Ventures, TDF Ventures, and Vital Financial, also took part in the financing round.

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