Web project manager LiquidPlanner has raised $8 million in funding from TVC Capital, the first institutional funding for the seven-year-old company.
There are many varieties of project management software out there, but Seattle-based LiquidPlanner is known for its scheduling engine, which helps calculate completion dates based on timing, resources and priorities. Pricing starts at $29 per month.
“When things change, you see the impact of that change instantly in the browser,” explained LiquidPlanner CEO Liz Pearce. “Change is constant, but most tools don’t allow you to reflect that in your plan.”
LiquidPlanner is used by 2,000 companies including HTC, LeapFrog, Nordstrom and RingCentral. Pearce said the list includes “huge complex global manufacturing and processing businesses and 10- to 20-person creative agencies with competing clients and deadlines.”
The company has about 50 employees, which Pearce plans to double in the next year with this first burst of venture capital. “We felt like we were in a great position to go out and grab market share,” she said. “The market was definitely heating up.”