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.