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IGLOO Raises $5 Million In Series B Funding

Submitted by on January 26, 2012 – 12:35 pm

Kitchener-based IGLOO Software just announced they have secured $5 million in Series B financing led by RBC Venture Partners, and with the Ontario Emerging Technologies Fund (OETF) also participating.  Back in 2010, IGLOO switched their business model to a freemium one and the company has grown to over 4,000 global collaboration sites and receiving 80 percent increase in license revenue with 60% of revenue influenced by partners.

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Dave Forde

Dave “The Connector” Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles, he launched PR In Canada, and on Profectio.

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