Klipfolio Raises $12 Million To Further Boost Growth

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OMERS Ventures leads series B funding for the startup; all existing investors participate. Get all info:

Klipfolio, a provider of cloud business dashboards, announced that it received $12 million (Cdn) in a Series B funding. This funding round was led by OMERS Ventures and included all the investors from Klipfolio’s 2015 Series A and 2014 seed rounds, bringing their total funding to date to $19.4 million.

Founded in 2001 as a bootstrapped provider of desktop dashboard widgets, Klipfolio has grown dramatically since re-launching as a cloud-based dashboard provider in 2011. Since receiving its first round of funding, the company’s customer base has doubled each year, now serving more than 7,000 customers globally.

“This new funding will allow us to further invest in the product, make it easier to build dashboards for our customers, provide new mobile experiences, and deliver hundreds of pre-built visualizations and dashboards,” says Allan Wille, Klipfolio’s CEO.

In the past year, the startup has achieved a number of important milestones:

  • The number of full-time employees has grown to 68.
  • Dashboards collectively refresh more than 2.6 billion times per year, reflecting their use in real-time business operations.
  • Customers created more than 54,000 dashboards, with more than 36 million dashboard views in 2016.

“Klipfolio serves an important role in the market, offering businesses of all sizes access to real-time data – something that was previously readily available to just ‘the big guys’ with much larger resources,” said Damien Steel of OMERS Ventures. “Their ability to make critical data accessible in a user-friendly, affordable platform, empowers even the smallest of businesses to make smart, data-driven decisions.”

About Klipfolio

Klipfolio’s mission is to make it fast, easy and affordable ($24/for 5 users/month) for business users to build and share real-time dashboards, enabling them to move from quarterly reflective management to continual performance optimization. The startup has more than 7000 customers including marketing agencies, financial services, healthcare, consumer goods and not-for-profits organizations.

 

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