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Friday 11 June 2021

Time is Ltd raises $5.6m on collaboration productivity

Time is Ltd logoStripped back to basics, the Time is Ltd offering is a productivity tool but there’s more to it than simply tracking how employees are spending their work time, which has enabled the London based start-up to secure $5.6m of late seed funding. 

The round was led by Mike Chalfen, of London-based Chalfen Ventures, with participation from Illuminate Financial Management and existing investor Accel. Acequia Capital and former Seal Software chairman Paul Sallaberry also contributed, along with former Seal board member Clark Golestani. In addition, Ulf Zetterberg, founder and former CEO of contract discovery and analytics company Seal Software, is joining as president and co-founder.

Productivity analytics is the basis of The Time is Ltd proposition, applied to address organisations’ collaboration issues that can see employees overwhelmed with meetings, notifications emails. By analysing data from the ecosystem of collaboration systems in use (e.g. Microsoft 365, Google Workspace, Zoom, Webex, Teams, Slack) Time is Ltd can see and measure how time is used, and identity and fix inefficiencies. Data is anonymised and aggregated to protect individual worker’s privacy. The bottom line is improving productivity by dialling inefficiencies out of collaboration, as such it’s very much a tool for current times. 

Posted by: Angela Eager at 09:50

Tags: saas   funding   startup   software  

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