Project management startup raises $10.9 million

  • Project management tool Superlist just raised $10.9 million in seed funding from EQT Ventures.
  • Its founders come from Wunderlist, Microsoft’s now defunct productivity tool.
  • Check out the 12-slide slideshow he used to raise funds.

A startup that wants to take on Asana and and dominate the project management industry just raised $10.9 million in a seed round.

Superlist, which was founded by the creator of the now defunct Microsoft productivity tool Wunderlist, allows users to keep track of their personal and professional tasks. The app allows users to share what they’re working on with colleagues and family members, while also acting as a messaging service and a live journal of daily to-do lists.

The Berlin-based startup, which launched in May 2020, secured funding from Luxembourg-based investor EQT Ventures.

“For most people, a combination of professional and personal worlds is missing – and we also need an entanglement of your personal self,” said Superlist co-founder and CEO Steffen Kiedel.

Kiedel previously designed Wunderlist alongside Marcel Käding and Christian Reber, who also co-founded software presentation startup Pitch. Now the trio, who said they learned a lot from their time at Wunderlist, are working together again to create Superlist.

“It’s not about crazy features or reinvention, it’s about making a product more intuitive,” Kiedel said. “The difference is that Wunderlist wasn’t a B2C tool. It was for you to organize shopping, things around the house, and those were the primary use cases. Superlist is for teams, it’s really is about collaboration.”

Superlist, which is currently in its beta testing phase, will launch when it gains enough traction with users, according to Kiedel. He said the team is still figuring out “which playbooks to follow when it comes to revenue” – despite the business app being a paid service.

Existing backers Cherry Ventures, which has invested in German delivery and logistics unicorns Flink and Forto, also participated, along with strategic angels in the B2B SaaS space. This brings its total funding to date to $14.7 million.

Ted Persson, partner at EQT Ventures, said the startup’s mission is taking place at a “dynamic time for the world of work,” with the productivity software market estimated to reach $102.98 billion by 2027. .

With the new funds, Superlist will grow its remote-only team and invest in product development ahead of launch.

Check out the 12-slide slideshow used to raise funds.

About Donnie R. Losey

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