Collaborative work: Huddle raises $ 51 million

by bold-lichterman

“This is an important round table, people will consider us more” rejoices the president of Huddle, Alastair Mitchell. The start-up he co-founded with Andy McLoughlin publishes an online collaborative workspace on which users can store and share various content (messages, videos, etc.). They have just raised $ 51 million in Series D (just over € 41 million) from the Zouk Capital fund, the Hermes GPE fund and other investors: Matrix Partners, Jafco Ventures, DAG Ventures and Eden Ventures . The valuation is estimated between 250 million and 300 million dollars, according to TechCrunch.

“These new funds will be invested in recruiting developers, salespeople and more generally to ‘build up’ in order to grow quickly,” said Alastair Mitchell.

$ 89.2 million raised since 2007

The company had completed a funding round of $ 24 million in May 2012 (with Eden Ventures, Matrix Partners, In-Q-Tel, DAG Ventures, and Jafco Ventures), another of $ 10.2 million in May 2010 and $ 4 million in 2007 from Eden Ventures. In total, the start-up is funded to the tune of $ 89.2 million. It has offices in London, New York, Washington and San Francisco. Nathan Medlock, partner at Zouk Capital, now joins Huddle’s management committee.

Opposite it in this collaborative labor market, players such as Microsoft Office 365, Jive, Box, Yammer (acquired by Microsoft in 2012 for over a billion dollars)… Huddle works with Comcast, NSA, US federal agencies, with the UK government.

The co-founders are otherwise investors in the British start-up Ometria, specializing in the analysis of data collected by e-merchants.

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