Mighty Closes $4.3 Million in Funding from Slack Fund and Others To Power Cross-functional and Remote Teams

SALT LAKE CITY, Aug. 13, 2020 /PRNewswire-PRWeb/ -- Mighty, the work technology platform built to lead remote and cross-functional teams, today announced that it has closed $4.3 million in seed venture funding from Slack Fund, GSV Ventures, Origin Ventures, Album VC, Acadian Ventures, and Village Global. Created by executives who faced the challenges of leading modern teams themselves, Mighty translates detailed individual workflows from the tools people use into automated, dynamic team work timelines that anyone can follow to see where teams are focused, and that managers can use to easily maintain alignment, keep leadership informed, and spot opportunities for recognition and coaching.

"The future of work is remote, cross-functional, and dynamic, and it demands a new level of cohesion, awareness, and visibility inside organizations," said Brent Alvord, co-founder and CEO. "Work and people get buried under layers of tools and hidden by cross-functional or remote activities. Teams spend hours each week in meetings or wading through detailed project management systems to address this today. It's taxing for everyone, but particularly managers, who are not just trying to guide work, but also coach people and keep executives informed. Mighty is working to automate many of those efforts so managers can lead with insight and confidence, and teams can focus on what matters. We're excited to come out of beta soon and help organizations succeed in this environment."

Mighty builds directly from workflows in tools such as Jira, Asana, and Slack to help lead teams, coach people, and keep everyone informed. Features include:

Team lens - create a team, or group teams together, and Mighty automatically captures work streams from their tools to show where teams are focused, keeping everyone informed and in sync, no matter how they're organized.
Initiative lens - tag any work with an initiative and Mighty groups it into that lens for anyone to see what work is happening across teams based on priorities.
Team impact - Mighty prompts recognition on work, consolidating it into team timelines directly connected to work, helping people encourage each other and allowing leaders to recognize work that's typically hidden from their view .
Personal timelines - automatically captures and organizes an individual's contributions, initiatives impacted, and recognition received into public or private timelines. Allows people to ask for peer feedback on actual work, have more informed 1:1s and performance discussions, and get the credit they deserve.

"Mighty is a natural investment for the Slack Fund, as both organizations believe the future of work revolves around collaborative systems that drive team engagement and alignment," said Jason Spinell, Director of the Slack Fund. "Through their integration with the Slack Platform we have seen firsthand the power of integrating teams, company priorities and employee recognition in Slack channels, and look forward to helping Mighty transform the way people collaborate on a broader scale."

With the vast majority -- 84 percent of U.S. employees -- matrixed in some way, the challenges of leading such complex teams, whether remote or not, are well known. Since the COVID pandemic began, over 60% of workers now work from home -- a nine-fold increase in four months.

"Our research shows a pretty strong tie between how nimble and responsive an organization is and how good that organization is at respecting, empowering, growing, and trusting employees," said Dani Johnson, Cofounder and Principal Analyst, RedThread Research. "These ideas have to be built based on the way people work - they can't just be instilled through additional programs and initiatives. Rethinking how we do this is difficult, but there's a real opportunity to approach it in completely new and innovative ways."

Find out more at http://www.mightylabs.com.

SOURCE Mighty Labs