{"id":397505,"date":"2020-12-10T10:03:12","date_gmt":"2020-12-10T15:03:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397505"},"modified":"2020-12-10T10:03:12","modified_gmt":"2020-12-10T15:03:12","slug":"organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\/","title":{"rendered":"Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth"},"content":{"rendered":"<h2>\nNew freemium offering expands availability of human-centered alignment tool to help remote teams become more outcome focused and achieve results<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">PORTLAND, Ore., Dec.  10, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.koan.co\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Koan<\/u><\/a>, the organizational alignment tool that helps teams manage goals and status collaboratively, today announced an innovative, unrestricted free tier offering and $1M in project funding from BMNT Inc. to accelerate their path to Series A in 2021. The investment is well-timed for the rise in demand of collaboration software tools as the future of work is transformed due to the pandemic. Designed as a layer to uplevel and augment a team\u2019s existing task management tool like Asana, Jira, Trello or monday.com, Koan provides one collaborative platform that facilitates transparency, accountability and visibility into an organization\u2019s goals, replacing the pitfalls of manual processes like ad-hoc emails, spreadsheets and unnecessary meetings. In addition to announcing the free tier and funding, the company has also acquired Horrible Design Co to continue work on the product\u2019s UX and create an alignment and goal-management platform that teams actually want to use.<\/p>\n<p>With the free offering, the company is betting that the intuitive UX and philosophically different approach will hook manager-level employees, and that enterprise-level contracts will follow. Koan helps users manage their goals and visualize how their progress fits into the broader objectives (OKRs) of the organization. Unlike other alignment tools, Koan incorporates a reflective and mindful approach to goal-setting that fosters a more collaborative and invested team culture. Each week, users complete a \u201creflection,\u201d a status update that includes a confidence score rating and feedback on how a team member feels that the goals will be accomplished by the stated deadline. By clearly connecting each week\u2019s activities to the broader company goals and providing space for improved collaboration across teams through a weekly reflection, Koan helps teams, employees and leaders become more strategic and focus on the activities that matter most.<\/p>\n<p>\u201cAfter founding two successful companies, I\u2019ve seen how critical small daily habits, team alignment and company culture are in achieving larger strategic initiatives,\u201d said Matt Tucker, founder and CEO of Koan. \u201cUnlike other products on the market, we believe managers and their teams have the power to shape company culture and achieve those goals. That\u2019s why we\u2019ve not only developed bottom-up software that\u2019s loved by everyone, but also made it available to everyone as part of our free tier.\u201d<\/p>\n<p>The company, which has sustained double digit customer growth throughout the pandemic and has doubled headcount over the past year, has also joined BMNT\u2019s H4XLabs enterprise accelerator to expedite the path towards Series A.<\/p>\n<p>\u201cWe\u2019re excited to select Koan as part of our enterprise accelerator. We see Koan as a next generation future-of-work tool that will soon be seen as mission-critical to every organization,\u201d said BMNT CEO Peter Newell. \u201cAs OKR tools have gained traction over the past several years, there\u2019s been increasing demand for good alignment tools that go beyond the HR-mandated, set-it-and-forget-it performance management products that only come up at the beginning and end of a quarter. The pandemic has only accelerated the need for transparent, goal-setting tools that guide remote teams towards a common goal.\u201d<\/p>\n<p>Additionally, Koan acquired Horrible Design Co in August of 2020 as an investment in a human-centered UX, which is now core to the product.<\/p>\n<p>\u201cI\u2019m delighted to be working with Koan full-time to help companies feel like a cohesive, healthy, productive community, no matter the circumstances,\u201d says Buck Wilson, Senior Director of Product and Design at Koan. \u201cKoan unburies teams from email, slack notifications and non-stop Zoom meetings, instead allowing teams to stay in sync but work independently; empowered by insight into the contributions they\u2019re making and how they and their teams are aligned.\u201d<\/p>\n<p>\u201cWe\u2019re excited to continue this momentum into 2021 as we enhance our integrations, continue to grow the product and help our customers achieve great outcomes,\u201d said Koan CEO Matt Tucker. \u201cWith Horrible Design Co as a permanent part of the team, this new influx of funding from BMNT, and the free offering, we can build an even better product and spread the word far and wide about Koan. Once teams give it a try, we know they\u2019ll be hooked on the platform.\u201d<\/p>\n<p>To learn more about how to get started managing your goals for free, visit <strong>koan.co. <\/strong><\/p>\n<p>\n        <strong>About <\/strong><br \/>\n        <strong>Koan<\/strong><br \/>\n        <br \/>Koan is an organizational alignment software platform that helps teams manage goals and status collaboratively. Headquartered in Portland, with a Silicon Valley presence plus a remote team, the company was founded in 2016 by Matt Tucker, the former founder of Jive Software, with the goal of empowering teams to do purposeful work. Built on a foundational belief that strong teams are transparent, collaborative, reflective, human-centered and empowered, Koan helps teams at SurveyMonkey, New Relic and MURAL to inspire, align, and focus their remote workforce with Koan\u2019s easy to use OKR and status platform. Learn more at <a href=\"http:\/\/koan.co\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>koan.co<\/u><\/a>.<\/p>\n<p>\n        <strong>Contact:<\/strong><br \/>\n        <br \/>Rhiannon Pacheco<br \/>Koan\u00a0Communications Manager\u00a0<br \/><a href=\"mailto:press@koan.co\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">press@koan.co<\/a>\u00a0<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/e010cd47-d9b7-4928-b5e4-2d924d308372\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/e010cd47-d9b7-4928-b5e4-2d924d308372<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTk2NCMzODY1MTgyIzUwMDA2NDAzNA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fc028541-740b-40e7-85cd-fe8fc4827634\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New freemium offering expands availability of human-centered alignment tool to help remote teams become more outcome focused and achieve results PORTLAND, Ore., Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; Koan, the organizational alignment tool that helps teams manage goals and status collaboratively, today announced an innovative, unrestricted free tier offering and $1M in project funding from BMNT Inc. to accelerate their path to Series A in 2021. The investment is well-timed for the rise in demand of collaboration software tools as the future of work is transformed due to the pandemic. Designed as a layer to uplevel and augment a team\u2019s existing task management tool like Asana, Jira, Trello or monday.com, Koan provides one collaborative platform that facilitates transparency, accountability and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397505","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New freemium offering expands availability of human-centered alignment tool to help remote teams become more outcome focused and achieve results PORTLAND, Ore., Dec. 10, 2020 (GLOBE NEWSWIRE) &#8212; Koan, the organizational alignment tool that helps teams manage goals and status collaboratively, today announced an innovative, unrestricted free tier offering and $1M in project funding from BMNT Inc. to accelerate their path to Series A in 2021. The investment is well-timed for the rise in demand of collaboration software tools as the future of work is transformed due to the pandemic. Designed as a layer to uplevel and augment a team\u2019s existing task management tool like Asana, Jira, Trello or monday.com, Koan provides one collaborative platform that facilitates transparency, accountability and &hellip; Continue reading &quot;Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T15:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTk2NCMzODY1MTgyIzUwMDA2NDAzNA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth\",\"datePublished\":\"2020-12-10T15:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\\\/\"},\"wordCount\":875,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTk2NCMzODY1MTgyIzUwMDA2NDAzNA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/organizational-alignment-platform-koan-announces-unrestricted-free-tier-new-funding-and-acquisition-to-drive-company-growth\\\/\",\"name\":\"Organizational Alignment Platform Koan Announces Unrestricted Free Tier, New Funding and Acquisition to Drive Company Growth - 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The investment is well-timed for the rise in demand of collaboration software tools as the future of work is transformed due to the pandemic. 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