Kaleo Raises $1.5 Million

Posted Jul 3, 2013

Kaleo is an enterprise software-as-a-service enterprise search application that has raised $1.5 million in funding led by Greycroft Partners.  Kaleo plans on using the funding to grow their customer base and is porting their product to new platforms.  Investors that participated in this round include Double M Partners and TenOneTen Ventures.  Kaleo previously raised $500,000 from Idealab.

Kaleo collects information and fills your enterprise knowledge pool so that people can dive in to find answers.  Employees put in information and answers questions about topics that are tagged and stored.  Some of Kaleo’s clients include Dell and Ventura Foods.

?Our solution fits hand-in-glove with business applications our customers are already using, stated Kaleo CEO Phil Hui-Bon-Hoa. ?We?re proud to say we were able to create a robust yet elegant application that immediately adds value to any enterprise experiencing technological and process change. With this funding, we are now eager to take this ready-to-go solution to broader audiences.?

Kalo has recently hired William J. O’Brien as the chief revenue officer.  Double M Partners founder Mark Mullen is also joining the Kaleo board of directors.