Igloo, a Jive-style enterprise collaboration platform, raises $47M

▤ Summary

The market for social media and collaboration services for enterprises — made popular by the recent, rapid growth and emergence of platforms like Slack, Facebook’s Workplace and Microsoft Teams — continues its hot streak.The reason for this, he said, is because Igloo positions itself as a platform that incorporates lots of other software, including the likes of Slack, as well as Salesforce, Microsoft and Google’s productivity suites, Dropbox and Box and more.The idea here is that incorporating tools that people are already using is the best way of getting them to engage in using them more, and giving end users a choice and flexibility is better than locking them into something.Interestingly, working with a large range of software providers also means that Igloo sometimes also gets approached by these larger companies, as they themselves look for better ways of interfacing with enterprises to grow their revenues per user.“As the next generation of employees redefines both the physical and digital workplace, we see a rapidly expanding market for innovative solutions that enable an organization to better engage its workforce by fostering collaboration and connecting employees with the right information at the right time,” said Andrew Lindner, co-founder and managing partner at Frontier Capital, in a statement.

$ Funding

▦ Linked Companies

Igloo Software

$10M to $25M