Klipfolio Raises $6.2 Million Series A Round Led by OMERS Ventures

Ottawa’s Klipfolio today announced a $6.2 million series A round led by OMERS Ventures and including all the investors from Klipfolio’s 2014 seed round.

A Techvibes 20 company, Klipfolio is a cloud company bringing powerful, easy-to-use and affordable real-time dashboards to the mid market.

The 13 year-old company raised a $1.7 million round in February 2014 from US and Canadian venture capital firms.

According to today’s announcement Klipfolio surpassed several major milestones in 2014, including more than doubling its staff and customer base.

The company also has a best-in-class customer satisfaction rate, a 99.7 percent retention rate and is delivering tens of thousands of real-time dashboards to customers.

“We are proud of the strides we’ve made this year, especially around key metrics like customer satisfaction, retention and base growth,” said Allan Wille, Klipfolio’s CEO. “The new funding will accelerate our growth rate and enable us to invest in product enhancements that will make it fast, easy and affordable for organizations to continuously monitor the health and performance of their businesses.”

Damien Steel, a director at OMERS Ventures, is joining the board. “Klipfolio provides a user-friendly product with enormous power and value, enabling customers to continuously monitor key metrics essential to their businesses,” said Steel.

“They are domain experts with significant business intelligence expertise and differentiation in a huge market; exactly the type of team we look to partner with through our investments.”