Time is Limited to raise a $5.6 million seed funding round led by Mike Chalfen.

Time is Limited, a Prague, Czech Republic-based software company building a productivity solution for other companies, announced securing a $5.6 million seed funding round.

The money was raised from investors led by existing shareholder Mike Chalfen via Chalfen Ventures, who was joined by Illuminate Financial Management, Accel, Acequia Capital and by a couple of angel investors associated with Seal Software - former chairman Paul Sallaberry and former board member Clark Golestani.

In conjunction with the deal announcement, Ulf Zetterberg, another ex-Seal Software (former CEO and founder), is joining as President and co-founder.

Time is Limited, founded in 2017 by Cyril Hoschl and CEO Jan Rezab, is working for the development of an advanced analytical SaaS platform that delivers a holistic view of an organization collaboration patterns. The tool connects to corporate data platforms such as Microsoft 365, Google Workspace, Zoom, Webex, MS Teams, Slack, and crunches out  400 indicators used as actionable insight by organisations in order to measure productivity, engagement, and collaboration.

Time is Limited previously raised €3M from Accel and Chalfen Ventures in 2019.