San Francisco-based collaboration startup, Almanac raised $34 million in a Series A funding round to help remote work teams collaborate better.
Tiger Global led the funding round and saw participation from firms like General Catalyst and Floodgate Fund. Mike Maples of Floodgate Fund referred to the round by stating:
“We’re at the beginning of a generational shift in how work gets done. Companies are shifting from office culture to cloud culture where people can work anywhere. Office culture is driven by meetings for managers. Cloud culture is driven by builders who express their thinking clearly and help teams move in a clear direction. The companies that win in the future will embrace cloud culture because the best people will not want to be constrained with yesterday’s limitations.”Mike Maples, Co-founding Partner, Floodgate Fund
Almanac provides an operating system that facilitates collaboration among remote teams. It offers tools that are specifically designed to fulfil the needs of remote teams. The startup’s focus is to decrease remote work burnout while also increasing productivity.
“Work has changed. The meeting isn’t where decisions that drive the business happen anymore—the document is. If you want to win in this digital, distributed era, you need tooling designed from the ground-up for this reality. Microsoft Office has been a great tool for office-centric companies, but it’s not built for a distributed world where the best workers can be anywhere. What we’re building at Almanac is not just a better version of core productivity software: it’s infrastructure that reflects how management and collaboration should happen in this new era of distributed work. That’s why our customers say buying Almanac is a cultural choice, not just a technical one.”Adam Nathan, CEO, Almanac
The startup plans to use the funds for expanding its solutions: document editing, and asynchronous workflows and version control.
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