
ZenHub
Helping software teams increase their productivity.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor investor | €0.0 | round | |
investor | €0.0 | round | |
* | CAD10.0m | Series A | |
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
% growth | - | 8 % | 62 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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ZenHub, legally known as Axiom Labs Inc., operates a project management platform meticulously designed for software development teams. The company was established in 2013 in Vancouver, Canada, by co-founders Aaron Upright, Matthew Butler, Ryan Naayem, and Leo Zhang. It originated within the innovation studio Axiom Zen, created to address the studio's internal need to integrate project management processes more closely with their codebase. After recognizing its commercial potential, ZenHub was spun out as an independent entity in 2015. For its first five years, the company was bootstrapped before securing its initial seed funding of $4.7 million in early 2021, a round co-led by BDC Capital and Ripple Ventures. This was followed by a $10 million Series A round in March 2023, led by Yaletown Partners.
The platform's core function is to provide project management tools that integrate natively within the GitHub environment, serving as a browser extension for Chrome and Firefox. This eliminates the need for development teams to switch between their code repository and a separate project management application, thereby centralizing workflows and ensuring data accuracy. The business model is subscription-based, offering tiered plans for teams of varying sizes, including a free version, a 'Teams' plan, and a customizable 'Enterprise' plan that can be deployed either on the cloud or on-premise. Revenue is generated from these subscription fees.
ZenHub’s product is tailored for agile teams, providing features such as Kanban-style task boards, burndown charts, velocity tracking, and sprint planning tools. It allows for the visualization of workflows, prioritization of tasks, and monitoring of project progress directly within GitHub. A significant evolution of the product is the introduction of 'Zenhub Issues', a feature designed to bridge the gap between technical and non-technical stakeholders. This allows team members without a GitHub account to create tasks, collaborate on projects, and track progress, making the development process more inclusive across an organization. The platform also offers reporting tools like cumulative flow diagrams and release reports for data-driven decision-making. ZenHub serves a wide range of clients, from startups to large enterprises such as Adobe, Comcast, and NASA.