Frontier Capital Announces $47M Growth Equity Investment in Igloo Software
We are happy to announce that we have made a $47M growth equity investment in Igloo Software, the Kitchener, Ontario based digital workplace solutions provider. The investment is our first platform investment in Canada and comes from Frontier Fund IV.
Igloo’s innovative human capital management product and strong growth led to our interest and investment in the company.
The investment is intended to aid in building Igloo’s sales and marketing operations, expanding distribution channels, strengthening its global partnership with Microsoft, and further accelerating the company’s footprint in the North American market.
“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, who will join Igloo’s board. “We are excited about partnering with Igloo, whose extraordinary growth and track record of solving critical business challenges impacting employee communication, collaboration, knowledge sharing, and engagement position the company well to capitalize on this market trend.
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