Warburg Pincus turns $10M tap on for Spigit
Spigit, builder of internal social networks for large companies, announced today that it raised $10 million in equity from Warburg Pincus to expand its number of customers and continue product development.
The Pleasanton, Calif. company offers two different platforms — InnovationSpigit and IdeaSpigit — that allow employees within companies to share ideas, collaborate on projects and recruit the right people for certain efforts.
Spigit has now raised more than $15 million to date from family, friends and Pico Holdings, in addition to Warburg.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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