# iGroup Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/igroup-network

- Industry: Internet
- Headquarters: Redwood City, US
- Website: www.grouply.com
- Total disclosed funding: $3.7M
- Latest round: Series A (Mar 22, 2009)
- Investors on record: 5

## About

iGroup Network, Inc. is a technology firm focused on delivering innovative solutions that enhance efficiency across various sectors, utilizing software applications designed for operational optimization and data analytics.Founded in 2006 and based in Redwood City, US, iGroup Network, Inc. specializes in technology solutions that optimize business operations. In November 2010, the company was acquired by Oodle, Inc., a portfolio company of Greylock Partners, Icon Ventures, and Redpoint Ventures. The company's latest funding round was a Series A raising USD 2.00 mn, led by Indie Enterprises, marking the total amount raised by the company at USD 2.00 mn.The company specializes in innovative technology solutions aimed at enhancing operational efficiency across various industries. Their core product offerings include a suite of software applications designed to streamline workflows, optimize resource allocation, and improve data analytics capabilities. These solutions address specific challenges such as supply chain management, customer relationship management, and regulatory compliance, significantly benefiting sectors like manufacturing, logistics, and retail. The company has successfully launched these products in key geographical markets, including North America, Europe, and parts of Asia, serving a diverse clientele ranging from small businesses to large enterprises. End users of these solutions typically include operations managers, data analysts, and business strategists who leverage the technology to drive performance improvements and informed decision-making.The company generates revenue through a combination of subscription-based models and direct sales of its software solutions. Clients engage with the company typically through annual contracts, which provide access to their suite of applications along with support and maintenance services. A transaction scenario involves a medium-sized retail firm entering into a partnership with the company to implement their flagship inventory management software, which would involve a structured agreement outlining monthly subscription fees, with additional charges for premium features or expanded user access. The company’s revenue streams are further diversified by offering tailored solutions to meet specific client needs, ensuring a robust financial foundation while maintaining strong customer relationships.Looking ahead, iGroup Network, Inc. plans to design and launch new products aimed at enhancing their technology offerings, with specific launch dates yet to be announced. The company is targeting expansion into new geographic markets, focusing on regions within Asia and Europe by the end of 2023. The recent Series A funding round will be utilized to support these strategic initiatives, facilitating product development and market entry efforts.

## Funding rounds

- Series A, Mar 22, 2009, $2M — Indie Enterprises
- Series A, Jan 11, 2008, $1.3M — Western Technology Investment, Accelerator Ventures, Uncork Capital, Harvard Angels
- Angel, Jan 1, 2008, $0.4M — Western Technology Investment, Uncork Capital, Harvard Angels

## Investors

- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Angel, Series A
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Angel, Series A
- Harvard Angels — Angel, Series A
- Accelerator Ventures (https://capitalatlas.ai/funds/accelerator-ventures) — Series A
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Series A