Crane Nelson leads $10 mln funding in AgileCraft

Crane Nelson, a private equity firm in Houston, has led a $10 million Series A funding round in software company AgileCraft. Other participants in the funding round include former Bank of America senior executives Jim Kelly and Tim Arnoult.

Press Release

AgileCraft, the innovative provider of software for scaling agile to the enterprise, today announced it raised $10 million in Series A financing led by private equity firm Crane Nelson. The round included participation from former Bank of America senior executives Jim Kelly and Tim Arnoult. The investment will accelerate the company’s growth, geographic expansion and product innovation.

“Every C-Level executive at every company is thinking about how technology will help transform their business and their market,” said Jim Kelly, former Chief Information Officer of Bank of America. “AgileCraft makes it possible for the groups responsible for building software in these companies to think and act more strategically. AgileCraft is a powerful solution that links strategy to execution and we are excited to support the talented team behind it as they build a great company in an explosive market.”

“As an industry, we’re just beginning to scale agility to the enterprise. Progressive companies are adopting these methods and it is exciting to see how truly powerful it can be when they tap into methods and tools that unleash their ability to plan, build and deliver great software in dynamic enterprise settings,” said AgileCraft Founder and Chief Executive Officer Steve Elliott. “Having the financial support and expertise of Crane Nelson will help us more rapidly and broadly execute our vision.”

Built from the top-down to support agile at scale, the AgileCraft platform helps align entire organizations around common goals and objectives while providing actionable views and metrics to everyone touching the technology product lifecycle.

AgileCraft is unique in the market because:

Top Down Flow – AgileCraft was built from the top down to support enterprise agile at scale. Everyone from executives to engineers can use AgileCraft to optimize software delivery results.
Real Time – AgileCraft provides real-time data to enable and align strategic planning, analysis, forecasting and execution across portfolios, programs and teams.
Dynamic – AgileCraft is the only platform that can blend collaborative team methods like SCRUM, XP and Lean at the team level and blend scaled methods like SAFe, Scaled Scrum, DAD and Waterfall at the portfolio level. In addition, multiple tools and delivery cadences can be blended across complex organizational structures.
Integration Ready – Uniquely, AgileCraft allows customers to keep tools like Atlassian, Microsoft TFS, Rally, HP Agile, IBM Rational Team Concert, Version One and others in place for teams while seamlessly providing unified strategic, portfolio and program management.
About AgileCraft

AgileCraft® delivers the most comprehensive software solution available for scaling agile to the enterprise. AgileCraft transforms the way organizations enable and manage agile productivity across their enterprise, portfolios, programs and teams by aligning business strategy with technical execution. The AgileCraft platform combines sophisticated planning, analysis, forecasting and visualization with robust, multi-level collaboration and management. Designed to be open, the AgileCraft platform compliments and extends existing agile tools, methods and processes and can be deployed through the cloud or on premise. AgileCraft customers get the best agile solution on the market and benefit from a platform that is specifically designed to scale enterprise wide. More information is available at www.agilecraft.com.

About Crane Nelson

Crane Nelson is a private equity firm located in Houston, Texas. James (Jim) Crane and Hunter Nelson are Managing Partners of Crane Nelson. Jim Crane is chairman and the controlling shareholder of Champion Energy and Crane Worldwide Logistics and the controlling owner and chairman of the Houston Astros, a Major League baseball team. Prior to forming Crane Nelson with Crane, Hunter was a partner of The Sterling Group, a private equity company in Houston, where he remains an advisory partner.