Brazil-based Runrun.it has a million more dollars in its wallet. The SaaS startup, which creates team management solutions, has landed investments from both 500 Startups and Monashees Capital, totaling just over one million dollars (2.1 million Brazilian reals).
Headquartered in São Paulo, Runrun.it helps managers increase their teams’ productivity levels. It addresses issues related to workflow assurance, task management and employee performance, transforming raw data into real time graphs and reports that inform the decision-making process.
The startup is attuned to the latest online trends, aggregating information and accompanying managers and employees in their day-to-day tasks. It implements social technologies as well – something McKinsey estimates 70% of global companies are already doing.
Antonio Carlos Soares, CEO of Runrun.it, discussed the reach of the company’s solution:
The practical results are innumerable. A manager can communicate more realistic deadlines to clients, identify early on when a project won’t be delivered by the current team, and even notice when an idle employee in one sector can be relocated to a busier sector. It is also possible to identify employees who fail to meet goals and those who go above and beyond, delivering projects ahead of time and performing the best.
Runrun.it has already received backing by way of US$500,000 in seed funding in August 2012. It will utilize the capital from 500 Startups and Monashees to improve its product, hire new professionals and expand its business worldwide. It currently works with over 1,000 companies in 40 countries.
Bedy Yang of 500 Startups commented on the local outlook of Runrun.it:
The Runrun.it tool is unique in the Brazilian market and has a high potential for growth, principally in corporations, due to the increased productivity it generates.
Monashees’ Eric Acher added:
Runrun.it resolves universal management problems. The idea of having a company helping a whole new generation of Brazilian companies with their work pleases us very much.