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.
IGLOO Raises $5 Million In Series B Funding
BY:
Dave Forde
January 26, 2012
Join your peers!
Get news, tips and other industry news delivered into your inbox for FREE!