Enterprise content collaboration software company Huddle has just raised $51mn, reportedly at a valuation of $250-300mn. Good to see that European businesses can also raise significant sums of money, although not yet in the $1bn "unicorn" club.
“We’ve seen the content collaboration market come of age over the last year, with enterprises and governments now replacing legacy software at scale and embracing this new way of working,” Alastair Mitchell, CEO, Huddle, said in a statement. “There has also been an increasing trend away from simple cloud storage. It has become a low-value commodity and simply replicates the age-old problem of content getting lost and siloed on shared drives with a new one – content now just gets forgotten about in the cloud.”