Plane, an open-source project management platform, has secured $4 million in a Seed round of funding from OSS Capital, a venture capital firm specializing in early-stage investments in commercial open-source software. This investment marks a significant milestone for Plane and will be pivotal in fueling the company’s community growth and competitiveness in the enterprise segment.
The funding news comes alongside the launch of Plane One, an innovative pricing plan tailored for self-managed instance owners at growing companies. This move underscores Plane’s commitment to addressing the needs of its user base by offering features aimed at enhancing instance governance, security, and performance.
Founded in November 2022 by Vamsi Kurama and Vihar Kurama, Plane has quickly gained traction for its mission to simplify project management for teams across various industry verticals. With a first-principles approach to modern project management and a focus on user experience, Plane is poised to revolutionize how businesses manage their projects and workflows.
Commenting on the investment, the founders expressed their enthusiasm for the opportunity to develop Plane further and expand its reach. “We’re thrilled to have the support of OSS Capital as we continue to grow our platform and community,” said Vamsi Kurama. “This funding will enable us to accelerate our product development and better serve the needs of our users.”
Plane’s innovative approach has garnered attention from investors and users who appreciate its flexibility and ease of use. The platform’s user growth reflects its potential to reshape the project management landscape.
Headquartered in Delaware and India, Plane is strategically positioned to tap into global markets and cater to diverse user needs. The company’s expansion plans include strengthening its presence in key regions and further enhancing its product offerings.
OSS Capital’s investment in Plane underscores its confidence in the platform’s potential to drive innovation in the open-source software space. The venture capital firm has a track record of supporting promising startups in this domain, including Wasmer, BlueSky, CrabNebula, and Formbricks.
With this latest funding round and the introduction of Plane One, Plane is set to continue its trajectory of growth and innovation, empowering teams of all sizes to manage projects more efficiently and effectively.
