Slack Fund, Haystack and CRV invest $4 million in Parabol, the meta-meeting software toolkit

5 Nov

I guess these days it’s not enough to have meetings. Now tech companies need to have meetings about meetings — and to ensure that this can happen efficiently(?), a Los Angeles company called Parabol has just raised $4 million.

Founded in Brooklyn with a workforce that’s mostly virtual, the new-ish company managed to raise cash from three firms which know a thing or two about enterprise operations — CRVHaystack, and the SlackFund.

Parabol’s software allow distributed and in-house teams to talk about how effective different processes and meetings have been.

The company says that over 500 organizations use the company’s suite of software services.

“Parabol was created so that every meeting held amongst team members is actually worth the time invested. With the support of CRV and Haystack, we will make Parabol useful to more kinds of teams, and scale Parabol’s infrastructure to match our rate of growth,” said the company’s chief executive and founder, Jordan Husney, in a statement.

The tools Parabol developed allow workers to conduct retrospective meetings and check-ins, the company said. I can think of nothing more useless than a post-mortem on a process that is morbidly inefficient to begin with, but I hate people so this app is clearly not for me.

The software allows teams to work through five, structured meeting phases where teams evaluate their processes and make improvements at the end of a project, said the company.

“Parabol is transforming the way agile teams across industries work together,” said Izhar Armony, Partner at CRV, in a statement. “We’ve been tracking the rapidly rising need for teams to collaborate at a distance, and believe in the way Parabol is enabling people to meet and work more effectively together.”


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