INSIGHT REPORT CALENDAR

NEWSLETTER

Like this article?

Sign up to our free newsletter

Huddle closes USD10m series B funding led by Matrix

Huddle, a company that lets people connect and work together regardless of their location, has closed a USD10.2m series B round of funding led by Matrix Partners, with participation from existing investors Eden Ventures and Charles McGregor, Huddle’s chairman.

Huddle, which employs more than 40 staff in the UK and US and recently became cashflow positive, expects to quadruple in size in the next year.

Including the most recent investment, Huddle has raised in excess of USD15m in equity funding since its launch in 2007.

The company is using the capital to expand its US presence and build a team in San Francisco led by its newly relocated co-founder, Andy McLoughlin.

"Huddle makes it possible for people to connect and work with each other regardless of their location. However, for us as a company it’s crucial to be closer to the people who use our product," says McLoughlin. "With more than 50 per cent of Huddle users based in the US our intention is to give them even more on-the-ground support."

Fuelled by the rapid rise in remote and online working, people across the globe use Huddle to share files, manage projects and workflows, control and distribute information, suggest and discuss ideas and hold online meetings, as well as connect with colleagues, customers, partners and suppliers.

Huddle customers include Procter & Gamble, Disney and HTC, and tens of thousands of small businesses and freelance workers.

Matrix general partner Josh Hannah (pictured) has been appointed to the Huddle board of directors.

"It’s not often we come across an enterprise software company that is inherently viral and has the potential to redefine how we work with each other," says Hannah. "Under Alastair and Andy’s adept leadership, we believe that Huddle will continue to flawlessly execute on its mission to create a fundamental shift in collaboration. I look forward to working closely with the team as the company expands its market position in the US."

Like this article? Sign up to our free newsletter

FEATURED

Tech Stocks

MOST RECENT

FURTHER READING