Australia-based startup Index has successfully secured over $2 million in seed funding, marking a significant milestone for the company. The investment round was led by Bain Capital Ventures and Blackbird Ventures, with additional support from Bond Capital and Y Combinator. This influx of capital will empower Index to enhance its suite of tools designed specifically for product managers and software engineering teams. These tools aim to streamline idea tracking, feedback management, and roadmap creation, providing a comprehensive solution that integrates seamlessly with various platforms.

The innovative platform developed by Index offers an all-in-one workspace where product managers can efficiently manage their workflows without juggling multiple tools. By incorporating features like virtual whiteboards and tables, Index simplifies the process of organizing ideas and building strategic roadmaps. Moreover, the platform is compatible with popular engineering delivery software such as Linear, as well as CRM platforms like Hubspot and Attio, customer messaging software Intercom, and revenue intelligence platforms like Gong. This extensive integration capability ensures that users can leverage Index within their existing tech stacks.

Index's target audience primarily consists of product managers at B2B companies with workforces ranging from 50 to 500 employees. Since its launch on LinkedIn in November, the startup has garnered significant interest, amassing a waitlist of over 1,000 eager users. Co-founder and CEO Simon Kubica, who previously spent four years as a product manager at Atlassian, identified the need for better collaboration tools while working with diverse teams. He teamed up with Christian Iacullo, a former software engineer at Canva and Atlassian, to develop a solution that addresses these challenges. Together, they applied to and were accepted into Y Combinator’s winter 2023 cohort, accelerating their journey towards creating a more efficient product management tool.

The new funding will be instrumental in expanding Index’s team, particularly in engineering roles, to drive rapid development and meet growing demand. With only two software engineers currently on board, the founders are excited to scale operations and introduce more robust features to their platform. As the product management tools market continues to evolve, Index aims to stand out by offering a user-friendly, integrated solution that enhances productivity and collaboration for teams across industries.