What is Igloo?
Igloo Software is recognized as a leading provider of digital workplace solutions, designed to transform traditional intranets into dynamic digital destinations. The company's platform focuses on improving internal communication, fostering knowledge sharing, enabling seamless collaboration, and strengthening organizational culture. All of Igloo's solutions are cloud-based and mobile-enabled, integrating with essential enterprise systems and cloud applications to create a unified, single-source-of-truth for businesses. This approach empowers a more productive and engaged workforce by centralizing information and streamlining workflows.
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
Frontier Capital
Frontier Growth is a growth equity partner focused on supporting vertical Software as a Service (SaaS) companies through their growth journeys. They specialize in investing in domain experts who are innovating their industries with customer-centric SaaS solutions.
Ontario Emerging Technologies Fund
The Government of Ontario, established in 1867 and based in Toronto, is the provincial governing body of Ontario, Canada's most populous province. The government administers public services, healthcare, education, infrastructure, and natural resources across the province.
RBC Venture Partners
RBC Venture Partners is an investment arm of Royal Bank of Canada, focusing on strategic investments in companies that align with RBC's business objectives and offer potential for growth.
What's next for Igloo?
With a recent major strategic investment and a substantial total funding history, Igloo is well-positioned for its next phase of growth. The company's focus on cloud-based digital workplace solutions addresses a critical need for modern enterprises seeking to enhance employee engagement and operational efficiency. Future developments are likely to involve further integration with emerging collaboration tools, AI-driven insights for knowledge management, and expanded capabilities in fostering a connected and productive remote or hybrid workforce. The company's trajectory suggests a continued emphasis on innovation within the digital transformation landscape.
See full Igloo company page
