Tuesday, 25 May 2010

B2B Cloud Start-up Gets $10.2M To Enter the US

Huddle, the three-year-old UK cloud collaboration start-up, has closed a $10.2 million B round from Matrix Partners and existing investors Eden Ventures and Huddle chairman Charles McGregor.

Huddle, which recently went cash flow positive, according to co-founder Andy McLoughlin, has already been through a $5 million first round. It means to use the new money to push deeper into the United States, which will entail quadrupling its current 40-man staff in the next year. McLoughlin has just moved to San Francisco from London to head the effort.

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