Rypple Raises $7 Million in Funding
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Toronto, Canada — Rypple, a top provider of social software that provides quality workplace feedback and comments raised $7 million funding from VC firms and angels. Bridgescale Partners lead the round and was followed by Edgestone Capital Ventures, Extreme Venture Partners, Peter Thiel, Seymour Schulich, Roger Martin and Joe Sigelman. Howard Gwin, a Bridgescale partner, will join Rypple’s board of directors.
“Employees want frequent, useful feedback to do their jobs better. Managers are busy and need software that’s fast and effective. Our users stay on track, learn faster, and consistently hit their goals.” said Daniel Debow, co-CEO, Rypple. “Our customers are innovative companies including Mozilla, Rackspace, and VivaKi (Groupe Publicis). Their employees use Rypple because they love it, not because they’re forced to.”
Funding Total: $7,000,000
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|Investors: Bridgescale Partners, EdgeStone Capital Partners, Extreme Venture Partners, Peter Thiel, Seymour Schulich, Roger Martin , Joseph Sigelman|