Ottawa-based Klipfolio raises $6.2 million

Ottawa-based Klipfolio is back in the news with a new round of funding. Coming off a $1.7 million investment last year, the “developer of business dashboards” has secured a solid $6.2 million, led by OMERS Ventures. Others participating in the Series A round were Mistral Venture Partners, Fundfire (Ottawa), BOLDstart Ventures (New York), Acadia Woods (New York), and CommonAngels Ventures (Boston).

Klipfolio has developed tools to analyse your data from a plethora amount a sources — Twitter, Facebook, Instagram, Salesforce, Adobe, Box, LinkedIn, Google Analytics — and organizes in a manner that is pleasing to the eye and informative. Klipfolio states their “mission is to increase the visibility of real-time data and key business metrics to help data-driven teams improve the performance and profitability of their organization.” One key factor is the timing of the reports. The program was developed to have full flexibility and can be scheduled between every 5-minutes to every 24-hours.

Klipfolio was started by co-founders Allan Wille and Peter Matthews and the last year has seen its customer base double to 2,500, its monthly recurring revenue has tripled, and the company now has 33 employees.

“We are proud of the strides we’ve made this year, especially around key metrics like customer satisfaction, retention and base growth,” said Allan Wille, Klipfolio’s CEO. “The new funding will accelerate our growth rate and enable us to invest in product enhancements that will make it fast, easy and affordable for organizations to continuously monitor the health and performance of their businesses.”

Ian Hardy

Ian Hardy

Ian is publisher at MobileSyrup. He's been quietly creating and building things for years and is completely addicted to Tim Hortons.