Project Management Company Proggio Raises $2 Million

Tel Aviv and Luxembourg-based startup Projectmap Ltd., also called Proggio after its project management tool, has raised $2 million in an investment round led by Mangrove Capital Partners, Proggio announced Thursday. Founded in 2016, Proggio offers an online service that lets users create collaborative visual timelines for projects and manage individual tasks for each team member. Proggio plans to use the funding to further develop its product and its marketing strategy. Online advertising and content discovery company Taboola.com Ltd. and home water carbonation products company SodaStream International Ltd. are listed among Proggio’s customers.

Tel Aviv. Photo: Orel Cohen