Koan builds OKR and status-tracking software focused on helping teams set and measure objectives via regular check-ins that aggregate individual updates across teams. Its product emphasizes small, repeated positive actions to drive long-term impact and includes features for tracking how individuals feel about key results. The company is pursuing a product-led growth strategy and has added a free tier to widen its top-of-funnel and encourage viral adoption within organizations. Koan plans to use new capital to staff up on engineering and accelerate product-led growth. The startup also acquired Horrible Design Co., a design firm it had previously worked with. Koan was co-founded by Matt Tucker, who earlier co-founded Jive. Koan offers a dashboard-driven platform that helps teams track progress toward big-picture goals, provide feedback, and replace status meetings with regular reflective check-ins. The product is explicitly oriented around OKRs and encouraging small, repeatable behaviors to drive impact. Koan emerged from stealth last year and already serves about 130 customers, including Carta, Iterable and Vacasa. The company is roughly 10 people and has launched a partner program for management consultants to implement changes using its software. Koan plans to use the new funding to hire talent and grow its platform. Competitors named in the coverage include Ally, 15Five, BetterWorks, Khorus and Workboard.

Total raised

$4M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2020