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IGLOO Raises $5 Million In Series B Funding

Kitchener-based IGLOO Software just announced they have secured $5 million in Series B financing led by RBC Venture Partners, and with the Ontario Emerging Technologies Fund (OETF) also participating.  Back in 2010, IGLOO switched their business model to a freemium one and the company has grown to over 4,000 global collaboration sites and receiving 80 percent increase in license revenue with 60% of revenue influenced by partners.