- Our Investment in ZenHub
We are very excited to announce our second investment in Ripple Ventures Fund II in ZenHub, a Vancouver-based company building a developer-focused project management tool.
This deal was co-led by Ripple Ventures and BDC, joined by iNovia and a great syndicate of well-respected names in the developer tool ecosystem including Adam Gross (former CEO of Heroku), Jiaona Zhang (VP Product at Webflow), and Oji Udezue (VP Product at Calendly), to name a few.
The main problem the company is solving is that software teams are widely disconnected from stakeholders in almost every organization. Developers don’t update project management tools as they are too busy writing code, and product owners are left with clunky tools that provide lagged information. As a result, management teams don’t know what projects need more resources and there is no single source of truth to understand progress outside of GitHub.
Traditional project management tools (JIRA, Trello, Asana) are in a highly competitive and saturated market, all with a similar product and GTM strategy. These tools are the status quo for most organizations as they’re the easiest to use for non-technical teams. We’ve read through countless reviews of how terrible the integrations to GitHub are, and someone even said “we only use this tool because no one ever got fired for using JIRA”. With how fast teams are moving today, and competitive pressure to develop faster, this band-aid solution simply does not cut the chase.
ZenHub’s solution has several key features including Workspaces, Reporting, Roadmaps, and Automated Workflows.
- Workspaces help teams track projects and get visibility on priorities. This feature allows multiple GitHub repositories to flow into one view. This is set up like a Kanban board, similar to other project management tools for agile teams. Each team (developer, product manager, executive) has the ability to set up their own segment of the project, and not get cluttered with tasks unrelated to them.
Reporting allows teams to receive actionable insights on burndown, velocity, lead-time, cycle-time, and more. Data is pulled directly and live from GitHub, unlike other tools that require manual updates or have limited integrations that provide faulty data. This reporting functionality helps teams ship software faster, understand timing on projects, identify bottlenecks, and improve forecasting.
Roadmaps give stakeholders across the company the ability to spot at-risk projects and visualize the predicted end date for them based on real-time progress.
Automated Workflows is a feature the team released shortly after we met them. This helps connect teams seamlessly through removing hand-off delays between product, design, and engineering functions. ZenHub does this by syncing tasks and stats of issues across various Workspaces, sharing insight at a granular level but also a birds-eye view of each team in the entire organization. We’re very bullish on this feature as it helps grow the product into other teams outside of engineering, and gives them a significant advantage over alternative tools.
With the shift to remote teams, ZenHub’s solution has become more needed than ever. Development teams can now get real-time and automated insights on how their projects are moving, without sacrificing developer time and attention.
Over the past few months, we have had the pleasure of getting to know Tyler (CEO) and Aaron (Co-founder & Head of Strategic Accounts) over Zoom calls in this pandemic. The team has shown qualities (focus, speed, execution) that we’ve seen and admired in some of our other successful companies. ZenHub has been built on the foundation of capital efficiency and investing strategically in areas of the business that can provide significant ROI.
We are bullish on the team’s truly differentiated product in the market, building right into the developer workflow and GitHub. Building for the developer natively is a strategy we believe in because software teams choose tools based on what works, what is the most useful, efficient, and integrated.
If you or anyone in your network are looking for a better project management tool built around the developer workflow in GitHub, please feel free to try out ZenHub or we can also put you in touch with the team!
- Date of publication:
- Tue, 02/23/2021 - 10:43
Click on the link - it will be copied to clipboard