Klipfolio snaps $9m series B

Existing shareholder Omers Ventures has led a $9m series B round for Klipfolio, while BDC Capital also returned.

Klipfolio, a Canada-based provider of cloud-based business dashboards, secured C$12m ($9m) in a series B round led by Omers Ventures, the investment arm of Ontario province-owned pension fund Omers, yesterday.

BDC Capital, the investment division of Business Development Bank of Canada, as well as Fundfire, Boldstart Ventures, Acadia Woods and Converge Venture Partners also participated in the round.

Founded in 2001, Klipfolio originally launched as a provider of desktop dashboard widgets but relaunched as a cloud-based service ten years later.

Omers Ventures previously led a C$6.2m series A round in 2015, with participation from BDC Capital, Acadia, Boldstart and Mistral Venture Partners, Fundfire, CommonAngels Ventures.

BDC Capital, though its IT Venture Fund, and Mistral co-led a C$1.7m seed round in 2014 that featured Acadia, Boldstart, Fundfire and CommonAngels.

Damien Steel, managing director at Omers Ventures, said: "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.

"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."

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