Who: Kitchener-based IGLOO Software, which sells social business software

How much: $5-million from RBC Venture Partners and Ontario Emerging Technologies Fund. In 2008, IGLOO raised US$4-million from RBC Venture.

The Quote: “Social networking for business has reached a watershed moment, with most companies either actively using or evaluating social technologies,” said David Unsworth, board member and partner with RBC Venture Partners. “As a pure cloud solution that supports both internal and external collaboration, IGLOO is uniquely positioned to not only enable companies to get up and running quickly, but also scale their efforts as their social strategy matures.”