Progressly is also announcing Silicon Valley veteran and former Salesforce, Twitter and LinkedIn executive Ruslan Belkin as its vice president of product development.

The funding round was led by 8VC's Joe Lonsdale and Drew Oetting, with participation from Bill Malloy and Brian Nugent, General Partners of Accelerate-IT Ventures (AITV) and David Beirne.

Companies today are hindered with difficult to use, siloed business systems that fail to simplify communication around processes and improve how businesses operate. Progressly is the first SaaS platform that enables companies such as Valero, Comcast, Shell to standardize and centralize processes. The platform provides powerful data-driven insights so teams can benchmark progress, improve the speed of collaboration, remove human error and manual activity and ultimately make better decisions about driving effective business change. Progressly currently integrates with existing productivity and collaboration tools including Outlook, SharePoint, Slack, Google Chrome, Confluence and Jive.

'Rather than antiquated systems that center around document management solutions, companies need a solution that centralizes their own mission-critical information, delivers real-time operational insights and increases efficiency,' said Drew Oetting, partner at 8VC. 'Progressly is at an inflection point, with a solid path to scale and strong product market fit. They have a steadfast commitment and the best minds in the business to change the way enterprises think about executing their key business processes.'

'Progressly is poised to completely transform the way enterprises organize and execute their business processes and gain insights to improve business outcomes,' said Ruslan Belkin, vice president of product development at Progressly. 'I'm excited to join this incredible team that is deep-rooted in a culture built on transparency, execution and teamwork.'

Nick Candito, founder and CEO of Progressly says 'Ruslan provides strong vision and solid experience that will help us seize the opportunity to disrupt a market that's long overdue for innovation. With this investment we are in a great position to accelerate the adoption of our platform and help enterprises automate their processes that result in more profitable revenue, greater competitive advantage, and higher efficiency.'

About Progressly

Progressly's mission is to become the de-facto system of record for enterprise business processes. Enterprises today are plagued with difficult to use, antiquated business process solutions that hinder them to run their operations efficiently and effectively. Progressly enables enterprises to document processes, collaborate and gain contextual insights to business outcomes. Companies such as Comcast, Shell, Wells Fargo, Valero, and others rely on the Progressly platform to create a 'better way of working,' by centralizing processes and removing unnecessary manual interactions for all employees.