# IGLOO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/igloo

- Industry: Software
- Headquarters: Kitchener, Canada
- Website: www.igloosoftware.com
- Total disclosed funding: $4.9M
- Latest round: Series B (Jan 26, 2012)
- Investors on record: 2

## About

Igloo Inc is a technology firm that specializes in providing a digital workplace platform designed to enhance employee engagement and collaboration through integrated communication tools and efficient information sharing.Founded in 2008 in Kitchener, Canada, IGLOO Inc delivers a digital workplace platform that enhances employee communication and collaboration. The company has undergone strategic growth, recently securing CAD 60 million in a GROWTH round from Frontier Growth on January 9, 2018, which marked its third deal overall. The company's CEO is Mike Gaburo.Igloo Software specializes in delivering a comprehensive digital workplace platform that integrates various functionalities aimed at enhancing employee communication, engagement, and collaboration. The core product offerings include a central intranet solution that enables users to access and share critical information seamlessly across multiple business systems. This platform is particularly beneficial for both desked and frontline employees, promoting a unified work environment where teams can interact, share ideas, and collectively complete tasks. The platform is designed to address the needs of businesses across various sectors, empowering organizations with relevant information and tools for efficient operations. Igloo Software serves a diverse client base, including mid-market and enterprise-level companies globally, with a specific focus on industries that require robust communication solutions for both in-office and remote employees.Igloo Software generates revenue primarily through a subscription-based model, offering its digital workplace solutions to businesses through various pricing plans. Clients engage with the platform on a recurring basis, paying for access to features such as employee communication tools, collaboration capabilities, and intelligent search functions. The company’s structure includes B2B transactions, where organizations subscribe to the platform for their workforce's needs. Revenue is derived from these subscriptions, which are aligned with the specific services utilized by clients, ensuring they receive tailored support as they implement the platform within their operations. Igloo's offerings are designed to enhance employee experience and streamline processes, thus providing a strong value proposition that supports ongoing client relationships.With the recent funding of CAD 60 million raised in January 2018, IGLOO Inc plans to enhance its product offerings by developing new features within its digital workplace platform. The company is also setting its sights on expanding its market presence beyond its current sectors, targeting new geographic regions in North America and Europe by the end of 2023. The funding will be utilized to support these product developments and market expansions.

## Funding rounds

- Series B, Jan 26, 2012, $4.9M — Relay Ventures, Venture Ontario

## Investors

- Relay Ventures (https://capitalatlas.ai/funds/relay-ventures) — Series B
- Venture Ontario (https://capitalatlas.ai/funds/venture-ontario) — Series B