Huddle Raises First Round

Huddle.net, a London-based provider of online workspaces, has raised $4 million in Series A funding led by Eden Ventures.

 

PRESS RELEASE
Huddle.net, the leading provider of online workspaces that network personal and professional teams together to 'get stuff done', announced today that it has raised $4 Million in Series A funding. Led by Eden Ventures, the round will support the expansion of Huddle's management team, marketing efforts and product innovation.

 

Huddle delivers the first solution to combine social networking
platforms and open office tools to enable consumers to work in teams, at home and in the office, to get things done. In just six months since its launch, Huddle has averaged a 25% growth in new users per month with thousands around the world using the workspaces in order to manage projects, deliver content, and collaborate on activities. Companies such as Edelman, Jazeera Airways, John Lewis, Reuters and UNICEF are using Huddle
bring global teams together. In August, Huddle joined the OpenSAM (Open Simple AJAX Mashups) consortium, integrating a host of web applications including word, excel and PowerPoint online documents, into the Huddle platform for easier content creation.

 

“We believe the next wave of Web 2.0 is the integration of home and office applications,” said Ben Tompkins, Partner at Eden Ventures. “Huddle has integrated secure team workspaces into social networking platform that is intelligent, easy to use, and satisfies the security and management requirements of any global IT department. Their successful growth in a short amount of time shows the trend in the market and the need for applications that fulfill both personal and professional needs. We are excited to partner with Huddle and expect them to have a large impact on
the industry.”

Eden Ventures is an early-stage investment firm focusing on
cutting-edge technology companies in the U.K and Europe that are deliver innovation to a global audience. Winners of the 2007 Early Stage Venture Capital Fund of the Year by the European Technology Forum, Eden Ventures' portfolio includes Apertio, Cramer Systems (now part of Amdocs), ikordo, Reevoo and Truphone.

“We are excited to partner with one of the leading investment firms in the U.K,” said Alastair Mitchell, co-founder and CEO of Huddle.net “Their support is a testament to the strategy and innovation that Huddle will continue to bring to this space.”