# Fibery.io 2021 year in review

DevFeed: [Fibery.io 2021 year in review](<https://devfeed.tech/articles/fibery-io-2021-year-in-review-40871.md>)

Original publisher: [Read original article](<https://medium.com/fibery/fibery-io-2021-year-in-review-b9a5b9b972dd?source=rss-854c3da48589------2>)

Author: Michael Dubakov

Published: 2021-12-22T20:37:24Z

Content type: opinion

Language: en

Sources: [Stories by Michael Dubakov on Medium](<https://devfeed.tech/sources/stories-by-michael-dubakov-on-medium.md>)

Topics: [Software](<https://devfeed.tech/topics/software.md>), [releases](<https://devfeed.tech/topics/releases.md>), [Requirements](<https://devfeed.tech/topics/requirements.md>), [Automation](<https://devfeed.tech/topics/automation.md>)

Tags: [automation](<https://devfeed.tech/tags/automation.md>), [blog](<https://devfeed.tech/tags/blog.md>), [building-in-public](<https://devfeed.tech/tags/building-in-public.md>), [company](<https://devfeed.tech/tags/company.md>), [no-code](<https://devfeed.tech/tags/no-code.md>), [product](<https://devfeed.tech/tags/product.md>), [releases](<https://devfeed.tech/tags/releases.md>), [review](<https://devfeed.tech/tags/review.md>), [software](<https://devfeed.tech/tags/software.md>), [startup](<https://devfeed.tech/tags/startup.md>), [startup-lessons](<https://devfeed.tech/tags/startup-lessons.md>), [year-in-review](<https://devfeed.tech/tags/year-in-review.md>)

## AI overview

Fibery's 2021 year-in-review covers the company's transition to independence, its first seed round, remote work and team growth, blog activity, product development, releases, partnerships, and progress toward product-market fit.

## Source excerpt

TLDR: Independence 😅. Emigration & remote work 📻. $3.1M Seed round 🤑. Booming market 🚀. 58 posts in our blog 🐧. $290K ARR 🐥. 100 new features 💯. 34 new releases 🌶. 20 active partners 🤘. Fibery for Product Teams release 🎁. Some product/market fit 🍱. 4 new teammates 🇩🇰🇵🇱🇷🇺🇧🇾. December is a good month to reflect and link the past with the future. This post is dedicated to exactly that. It is long. I will ramble about the most important or memorable events in our company. Grab a cup of something 🍶, turn on your music for concentration, and read on. Independence 😅 Fibery was an internal project inside Targetprocess in 2017. It was started with the goal to explore the future of work management tools and maybe find something interesting. We've accumulated tons of feedback at Targetprocess and it was not so hard to define a set of requirements for the dream work management software. Then around 2018 we've decided to turn it into a new product. In 2021 Targetprocess was acquired by Apptio, and Fibery became an independent company with the clean cap table. You can't imagine how hard it is to attract investors when ~50% of shares belong to non-active founders. I tried to raise a round in 2020 and got it only after 50 talks with VCs. The end of 2020 was hot for me, and Fibery was on the verge of closing. I even announced this to the team and said that with a very high probability we are done here, and the next few days were quite strange. Should we continue doing things as usual? Should we just wait? So we decided to give day-offs to the whole team till the final decision. Fortunately, we were able to find a workable solution for all parties and Fibery got its independence 🗽. It's hard to express the feelings and relief since we felt we just started to deliver something unique and useful. But here we are, alive! Seed Round 🤑 In July we've finally closed our first seed round lead by Altair Capital. This gave us 18+ months to focus on a product and value. I should say that Igor R