Technology

Collaboration startup software Nulab secures €4.5M funding, eyes expansion in North America and Europe

Founded in 2004 in Japan, Nulab creates productivity software used by over 4 million people in over 190 countries. The company’s products include online project management and bug tracking software Backlog, the cloud-based diagramming software Cacoo, and the chat app Typetalk.

Recently, the company has secured $5 million(approx €4.5 million) led by venture capital firms NOW, Inc., XTech Ventures, Inc., and Shinsei Corporate Investment Limited.

Nulab’s Co-founder Shinsuke Tabata:

We are honored to have these industry leaders on board. It’s inspiring to know they believe in our company and share our vision to revolutionize how people work together.

With this investment, the company plans to leverage the funding to continue its growth and become more competitive in the collaboration software industry. Furthermore, the Nulab will develop “Nulab Pass,” a new security product for Backlog, Cacoo, and Typetalk.

With offices in New York, Amsterdam, Singapore, and Japan, Nulab creates collaboration software that helps international teams of all sizes: from a few people to hundreds of employees working in different departments and time zones.

After enabling support for WebAuthn the past July, Nulab is now preparing to implement single sign-on (SSO) via a SAML Authentication for all its software. Users will be able to quickly and safely sign in to multiple applications with just one ID and password.

Mr. Tabata commented:

We are excited to continue creating software that helps teams break down communication barriers and organizations understand better progress towards their objectives. We aim to make collaboration smarter and more efficient. If you collaborate better, you innovate faster.

Main image picture credits: Nulab

Stay tuned to Silicon Canals for more European technology news.

Free field brief

The Empire File

How money, ownership, and power actually move behind the companies you think you know. Built for people who watch our documentaries. Sundays you also get The Undercurrent.

Written by

Silicon Canals Editorial Team

The Silicon Canals Editorial Team produces content across our three editorial pillars: technology and business, power and investigations, and human systems. We chronicle the systems that shape our lives, from the global infrastructure of technology to the internal infrastructure of the human mind. Articles reflect our team's collective editorial process, sourcing, drafting, fact-checking, editing, and review, rather than a single journalist's writing. Silicon Canals takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.