Idea Management Company Spigit Raises $10 Million

Spigit is an innovation management software company that has raised $10 million in equity from Warburg Pincus. This round of funding completes a $20 million investment round Warburg. This gives Spigit a total of $26 million in funding.

Spigit’s platform is intended for enterprise customers to collect intelligence from employees, customers, and partners. This way companies can create strategies on how to perform better.

Paul Pluschkell, founder and CEO, said that the company is growing at 300% year-over-year. Spigit is currently being used by over 3 million subscribers. The company plans on using the funding to invest in social algorithms, consulting services, and behavioral sciences.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Idea Management Company Spigit Raises $10 Million Comments

  1. Janelle says:

    Great to see the market getting more attention. Brightidea, the leader in this space for over 11 years, has companies like GE, Sony, Kraft, AMEX, and more using their end-to-end software for innovation management. See success stories here:

  2. @eeschumpert says:

    Thanks for the mention, Amit.

    This is a very exciting time for Spigit! As we continue to lead the way in idea management and experience record numbers in growth, we look forward to maintaining this momentum as we assist companies, organizations and agencies in creating successful innovation communities globally.

    To check out our enterprise offerings and latest solutions for SharePoint and Facebook, please visit us at

    Erin Schumpert

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