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Dragonboat Raises $3M In Seed Funding For Its Product Portfolio Management Platform

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Below is our recent interview with Bhaji Illuminati, Chief Marketing Officer at Dragonboat:

Q: Could you provide our readers with a brief introduction to your company?

A: Dragonboat is a product portfolio management platform for outcome focused teams. With Dragonboat, product leaders and their teams can connect OKRs with initiatives, build data-driven roadmaps, automatically track progress and alerts and provide real-time visibility into critical portfolio metrics.

Dragonboat founder, Becky Flint scaled product teams and built the product portfolio management practice for fast-growing companies like PayPal, Shutterfly, and Bigcommerce. Over the last decade she tried nearly every tool on the market, but none supported the needs of an outcome-focused modern product organization. Thus Dragonboat was born – with a mission to help product leaders drive business results.

Since launching in 2020, Dragonboat has been adopted by 1,000+ teams in over 20 countries.

Q: Any highlights on your recent announcement?

A: We’re incredibly excited to announce our $3M seed round by Act One Ventures, Roble Ventures and GingerBread Capital. Strategic angels include Tom Bogan, former CEO of Adaptive Insights; Rob Hull, Co-founder of Adaptive Insights; Eddie Machaalani, Co-Founder of Bigcommerce; and Nuno Sebastiao, Co-Founder of Feedzai.

The rise of the digital enterprise has transformed how companies operate. Command and control project-centric teams are being replaced by empowered product teams. This requires alignment and collaboration from the executive level through individual teams. Dragonboat’s responsive product portfolio management (PPM) platform is perfect for this style of work and has seen incredible adoption in 2021, growing 300% with customers including Chime, F5 Networks, Rapyd, Miro and Nium.

We’re passionate about building a community on responsive product portfolio management for product and portfolio leaders to share learning and helping each other build outcome driven product teams.

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Q: Can you give us more insights into your offering?

A: Every product leader faces the challenge of empowering autonomous teams to innovate while ensuring the right product gets built with the right experience, at the right time, from an overall portfolio perspective.

The decentralization of decision making means strategic context needs to be understood across all levels, visibility is required across continents, and teams must collaborate cross-functionally to connect business, customer and product goals. And when changes happen, trade offs need to be made with a clear understanding of impact to act fast without failing other parts of the business.

Dragonboat provides an end-to-end solution for product portfolio management. From capturing requests, to prioritizing features, building roadmaps, allocating resources and planning dependencies, Dragonboat enables product leaders to build and deliver with confidence.

Q: What can we expect from your company in the next 6 months? What are your plans?

A: We plan to grow in all departments across the US and Portugal, doubling our size by the end of the year.

Dragonboat will continue to double down on our focus of empowering product teams to drive business outcomes. This manifests through a great team with deep experience in the space and continued innovation on the product development side (using the Dragonboat platform of course!). Expect a lot of exciting updates in the coming months as it relates to OKR roadmapping and portfolio planning.

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Q: What is the best thing about your company that people might not know about?

A: Though Dragonboat has been in the market for over a year, the product has been in the works over the past 15 years. CEO & Founder, Becky Flint played a critical role in scaling multiple startups into unicorn status. In this process, she has built internal tools, hacked many more and ultimately ended up building a robust spreadsheet suite which she fine tuned from company to company.

The Dragonboat product you see today came from years of testing, iterating and adapting based on first-hand experience from 4 unicorn companies.

Our goal is to bring the insights, expertise and strategic product framework that was previously only available to the most sophisticated companies for 7-figure price tags to the masses. Every product leader can run their product like a portfolio. Every product team can focus on delivering business outcomes. Regardless of industry, company size or maturity, product portfolio management helps all companies deliver both customer delight and business results.

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