Huddle raises $10.2 million

 

Huddle, the company that lets you connect and work securely with other people in the cloud, today announced that it has closed a $10.2 million 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 U.S. 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 $15 million in equity funding since its launch in 2007. The company is using the capital to expand its U.S. 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,” said Mr. McLoughlin. “With more than 50 percent of Huddle users based in the U.S. our intention is to give them even more on-the-ground support.”

More in the release

Location: UK, London

Ref: F231109-455

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