Igloo is a Canada-based enterprise collaboration platform that integrates tools like Slack, Salesforce, Microsoft and Google productivity suites, Dropbox and Box to help employees communicate and access documents. The company positions itself as “Solutions as a Service” with a plug-and-play architecture to avoid locking customers into a single vendor. Igloo is active in 80 countries, has about 1,000 paying customers, roughly 10,000 organizations using a free version, and “well over” 1 million users; it added 190 paying customers in the last year, a 79% growth rate. The company plans to use the new funding to expand its product into business areas beyond HR, marketing and IT and to accelerate growth. Financially, the new $47M round brings total funding to $56M; Igloo did not disclose valuation but it is reported to be well north of $100M with a stated goal of reaching $500M in the next year or two. Andrew Lindner of Frontier Capital will join Igloo’s board as part of the financing. IGLOO Software is a Kitchener, Ontario-based provider of cloud-based social business software. Founded in 2008 and led by CEO Dan Latendre, the company enables modern business collaboration and aims to make people more productive and agile. IGLOO operates across the United States, Canada and EMEA and its customer base spans six continents, including Cisco, Thomson Reuters Aranzadi, Deloitte and the ATP World Tour. The company raised $5M in a Series B financing led by RBC Venture Partners, with participation from the Ontario Emerging Technologies Fund. IGLOO said it will use the funding to expand the business, accelerate product development, grow its ecosystem of partners and broaden its reach.

Total raised

$52M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2018