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Red-Hot Startup Huddle Just Raised $24 Million

Business Insider
Thursday, 24 May 2012

Red-Hot Startup Huddle Just Raised $24 MillionEnterprise file-sharing service Huddle has just raised a whopping $24 million led by Jafco Ventures.

Huddle co-founder Alastair Mitchell said he plans to use the funds to keep up with "phenomenal" demand.

But Huddle was already profitable last year and brings in around $25 million annually. Why would it raise funds?

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Source: Newsy.com - on May 29, 2012

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