US-based enterprise cloud software developer Kaleo Software raised $7m yesterday in a round featuring Qualcomm Ventures, semiconductor technology producer Qualcomm’s corporate venturing unit.
Omers Ventures, the venture capital arm of Canada-based pension fund Omers, led the round, while Karlin Ventures, Double M Partners, Greycroft Partners and Saturn Partners also participated.
Founded in 2012, Kaleo has created a cloud-based platform that connects a company’s employees with curated expertise and content from the firm’s internal experts as well as external, connected platforms.
Phil Hui-Bon-Hoa, Kaleo’s founder and CEO, said: “We are proud to help some of today’s leading organisations tap into their workforce’s knowledge to bring consistency and transparency to the employee experience.
“This added funding will allow us to continue our momentum in product innovation and customer acquisition. Having seen incredible impact on employee productivity among our customers, we are eager to continue to transform the way employees collaborate and exchange know-how.”
Kaleo previously raised before securing $1.5m in a 2013 round led by Greycroft Partners, that also included Double M Partners and TenOneTen Ventures.
– Photo courtesy of Kaleo Software