Zouk leads $51m series-D for Huddle

The fresh capital will enable Huddle to double the size of its development team and expand throughout Europe and the US.

Hermes GPE also invested in the round via its Hermes GPE Environmental Innovation Fund alongside existing backers Eden Ventures, Matrix Partners, Jafco Ventures and DAG ventures.

The deal marks Zouk's second software deal of 2014. In May, the firm led a €40m series-C round for iZettle, a Swedish mobile payments business.

Previous funding
Eden led a $4m series-A round for Huddle in November 2007. Three years later, the VC joined a Matrix-led round for the company.

Company
Headquartered in London and founded in 2007, Huddle is a cloud computing application allowing users to connect remotely and work together on documents. Its customers include Grant Thornton, Nasa, various UK and US government departments and Panasonic Europe.

Huddle stated its sales tripled in the first three quarters of 2014, compared to the same period in 2013. The business has additional offices in San Francisco, New York and Washington.

People
Nathan Medlock, a partner at Zouk Capital, will take a seat on the board at Huddle. Alastair Mitchell is CEO of Huddle.

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• Topics
• Expansion
• Technology
• UK / Ireland
• United Kingdom
• Hermes GPE