Profit.co

Profit.co is a SaaS company that offers a platform assisting businesses to visualize OKR planning, review, and execution. The company is headquartered in the US, with offices in Singapore, India, and Japan. It uses the PEEL (plan, execute, engage, and learn) OKR method in its five key modules—strategy, tasks, OKR, employee development, and employee engagement.

The strategy module assists businesses in formulating a comprehensive plan with a timeline of one to five years. The tasks module manages daily tasks, while the OKR module, which is meeting-oriented, connects long-term strategies to daily tasks. The other two modules focus on individual performance and development, including employee performance assessment, improvement, and reporting of accomplishments, alongside a gifting platform added in February 2023. It also offers coaching and consulting services for businesses working on large-scale transformation projects. Profit.co uses a subscription-based business model, which includes a freemium plan with paid plans starting at USD 7 per month per user.

Key customers and partnerships

As of January 2023, Profit.co's platform is used by over 1,100 customers in 25 countries, including Deckers Brand, Sandvik, Deriv, Singapore's Open Government, and Phoenix Rescue Mission. Its customers are from sectors such as financial services, telecommunication, manufacturing, retail, tech, and government organizations, with more than 100 employees. Profit.co integrates with several platforms including Slack, Jira, Salesforce, HubSpot, and Oracle.

Funding and financials

In February 2023 , Profit.co raised USD 11 million in funding led by Elevation Capital. The fresh funds were allocated for product development, including adding 30 new product categories and for coaching and consulting services for businesses working on large-scale transformation projects.

Key competitors : None comparable (Profit.co’s use of the PEEL method for OKR is unique).