What is Igloo?
Igloo Software is recognized as a leading provider of digital workplace solutions, designed to transform traditional intranets into dynamic digital destinations. Its platform focuses on enhancing internal communication, knowledge sharing, collaboration, and company culture. All of Igloo's offerings are cloud-based and mobile-enabled, with seamless integration capabilities for leading enterprise systems and cloud applications. This centralization provides a single source of truth, fostering a more productive and engaged workforce.
How much funding has Igloo raised?
Igloo has raised a total of $56M across 3 funding rounds:
Series A
$4M
Series B
$5M
Private Equity
$47M
Series A (2008): $4M with participation from RBC Venture Partners and BlackBerry
Series B (2012): $5M led by Ontario Emerging Technologies Fund
Private Equity (2018): $47M supported by Frontier Capital
Key Investors in Igloo
RBC Venture Partners
RBC Venture Partners is an investment arm of Royal Bank of Canada, likely focusing on strategic investments in technology and financial services companies that align with RBC's broader business objectives.
Frontier Capital
Frontier Capital is a growth equity firm that specializes in investing in vertical Software as a Service (SaaS) companies, providing capital and strategic support to help them scale and achieve market leadership.
Ontario Emerging Technologies Fund
The Ontario Emerging Technologies Fund, managed by the Government of Ontario, invests in innovative technology companies within the province, aiming to foster economic growth and technological advancement.
What's next for Igloo?
The recent major strategic investment in Igloo signals a pivotal moment for the company, likely enabling accelerated product development and market expansion. With a focus on enhancing its digital workplace solutions, Igloo is poised to further solidify its position in a competitive enterprise software landscape. Future growth will likely involve deepening integrations with key enterprise systems and expanding its reach to new customer segments seeking to optimize internal communications and employee engagement.
See full Igloo company page
