Scribe: Automating Enterprise Knowledge Everywhere
Every successful company has unlocked a deep insight that sets them apart from other players in their space and becomes part of their unique culture and solution they bring to market. Here at XYZ, we’ve firsthand seen how finding this insight can be very different from scaling the insight itself. Growing pains are bound to happen, and we’re here to help our portfolio companies go through them, but institutional knowledge capture and sharing should not block a company’s ability to scale in a post tech world - as it is often the difference between success and failure.
When Jennifer and Aaron came to us with the vision to enable frictionless knowledge and best practice transfer through a seamless and automated solution, Ross immediately recognized the pain point from his decades of operational and investing experience and how tech-forgotten the problem had truly become across industries. What we didn’t anticipate was the stellar bottoms-up approach that gained Scribe’s initial product so much traction across sectors as diverse as tech and finance. We had portfolio companies and others in our network recommend to us, unprompted, that we start using this cool new tool called Scribe and share it with others. We were always excited to tell them (and they were surprised to hear) that we already knew all about Scribe and it was an XYZ investment!
We were proud to be the first check into Jennifer and Aaron’s vision. Their complementary skill sets (ex-McKinsey and ex-Google, respectively) made them the ideal team to go after a category creation play within productivity. We were also excited to find another opportunity to partner with Sweat Equity, who have introduced the cofounders to each other and had been instrumental in building out the execution-oriented team. Jennifer had already discovered the key insight into how work gets done within an organization and is optimized firsthand from McKinsey’s Operations Practice and working with CEOs and CIOs while at Greylock. She and Aaron teamed up to build the platform they knew would then enable other teams to develop the canonical record for processes and ~insights~ within their own orgs.
Fast forward a couple of years later and Scribe is used by teams across tens of thousands of organizations, ranging from technology startup unicorns like Human Interest to Fortune 500 companies like LinkedIn. With Scribe, enterprise teams have seen nearly a 50% reduction in non-productive time spent learning how to do a process, translating to thousands of dollars of savings per team member each year.
And so it is with great excitement that we share that Scribe has raised a total of $30 million in funding including a $22M Series A and a previously unannounced $8M seed round. The Series A includes our good friends over at Amplify, Tiger Global Management, Haystack Ventures, AME Cloud Ventures, and Morado Ventures. Learn more at www.scribehow.com.
