NEWS: Closes US$1.2 Million Seed Round Financing

Auckland, New Zealand, August, 18, 2020 — NZ based software company,, today announced it has closed a US$1.2 million seed financing round. The round is backed by leading strategic investors Bessemer Venture Partners and Black Nova Group, as well as top New Zealand investors K1W1, AmpliPHI Ventures and a number of experienced senior business figures.

Portainer launched in 2017 as an open source product to radically simplify the deployment and management of Docker Swarm container-based environments. To date, Portainer has been downloaded more than two billion times and is actively used by approximately 500,000 users per month.

Enjoying 50% year-on-year growth, Portainer is poised to launch Version 2.0 including an advanced open source product and commercial business edition for Docker Swarm, Kubernetes and Edge computing. According to CEO and Co-Founder, Neil Cresswell, Portainer was developed to bring expert simplicity to the complex technologies in use by everyday IT teams;

“Extending Portainer to manage Kubernetes will enable organizations of any size to take advantage of the rich functionality without having to learn Kubernetes itself,” he says. “It quite literally makes an incredibly complex environment available to the average IT team, unleashing an immense advantage to teams using Portainer to deploy into Kubernetes or troubleshoot issues across its environments.”

The seed round enables Portainer to accelerate the growth of its open source version in the Kubernetes space, as well as bringing a fully supported business edition to market. Funding will be allocated to additional software engineering resources around the world, growing the Kubernetes community uptake and building traction for the commercial product.

“We have been watching the explosive growth of Portainer for some time” says Bessemer partner Michael Droesch. “We have been encouraged by what the team has achieved with their open source product and the engagement they have generated within the Portainer community. We believe Portainer can help bring ‘expert simplicity’ to leading cloud-native technologies like Docker and Kubernetes”

“We are looking forward to seeing accelerate its commercialization strategy” says Black Nova Group’s Managing Partner, Matt Browne, “Portainer’s development of a container management platform is helping software engineers and developers navigate through a rapidly growing market gap, as B2B SaaS increases in the current ever-changing market conditions”.  

The People Behind Digital Transformation

In 2019, 89% of enterprises reported plans to adopt digital-first business strategies according to IDG. Then came the curveball that is 2020.

In today’s unparalleled circumstances, businesses are revisiting their meticulously devised digital transformation strategies. Some have approached the COVID-19 disruption by slowing their digital investments in an attempt to preserve their capital, whilst others are accelerating plans in preparation for the global economic rebound, and to further interact and connect with their customers.

While many businesses may survive, some intend to thrive. Uncertain times require the balancing act between short-term necessities with long-term investment strategies, i.e. digital transformation.

Revenue. To generate revenue, businesses must be customer-centric. Digitising operational procedures provides your customers, clients and stakeholders with true, reliable and measurable efficiencies.

Globally, there was an expected $2.3 trillion spend projected to contribute towards digital transformation, calculated to be an annual compounded growth of 17.1%. Since the economic volatility of the global market, this number may decrease significantly — however, digital transformation is still being recorded as a high priority. At its peak, 68% of businesses expressed that the digitisation of operations was their primary goal.

When a retrospective of the Covid-19 response has been completed, executives will have to re-assess their approach to risk & compliance and many will realise that their survival has been based on luck.

Culture. Finally, a salient reminder that businesses are only as good as their people. Now is the time to commit to reinforcing the importance of the faces and personalities that drive your sales, processes, procedures and everything in between.

Creating a positive culture throughout challenging transitions and impending digitisation of processes is imperative. Communicating that digital transformation is about the reduction of ‘low-value’ tasks for employees and replacing these with improved productivity and efficiencies.

Social Impact. Successful businesses will be those that meet the needs of as many people as possible, utilise as few resources as possible and engage and are responsive to as many stakeholders as possible. Over recent years, there have been conversations regarding sustainable business however there exists an unfortunate gap between what we say and what we do. Analysis by the United Nations Global Compact shows that while 92% of CEO’s believe integration of sustainability will be important to the future success of their businesses, only 48% say they are implementing sustainability in their operations.

If we are to make the exponential change and innovation needed to emerge from the COVID-19 crisis stronger and make real progress towards the sustainable development goals, organisations need to genuinely value sustainability, integrate it into their organisational culture and their business strategy. Finding sustainable leaders who will drive change on the ground is important now more than ever.

Sustainability is a complex problem that leaders of today face:

  • How do we best position ourselves to support sustainability?
  • What stance makes sense for the value we bring to customers?
  • How do I evolve my product to enable sustainable business practice?

If you require support with these questions reach out to the team at Simply Progress. Our experts take a research/evidence-based approach to ensure that your sustainable policies will meet your customer and product needs now and into the future.

Also understanding what digital changes need to occur can be difficult to navigate:

  • What will increase customer engagement and provide a more enjoyable user experience?
  • How do you ensure employees are engaged and productive?
  • What processes do you need to automate, integrate or build your business?

Experience Digital focuses on transformative digital augmentations that further enhance a business’s capabilities both technologically and culturally to ensure they align. This is done by exploring what works best for the business and deploying digital software, data, automation or systems integration solutions that are specific to the customer’s needs. If you need guidance through these complex times, contact Dillon da Costa.