Incentive, a Venice, Calif.- and Malmo, Sweden-based provider of a social collaboration platform for the enterprise, raised $1.7m in seed funding.
Backers included a group of undisclosed institutional and private investors.
The company, which has raised $3.5m in total, intends to use the funds to grow U.S. expansion, marketing and sales, as well as bolster its product development efforts.
Founded in 2008 by Rickard Hansson, CEO, Incentive provides an enterprise social collaboration platform with thousands of installations and users across a wide range of industries and use cases, including oil and gas, technology and non-government organizations, wordwide. The platform enables businesses to capture, collaborate and secure knowledge by tapping the power of their employees. Its features include wikis, blogs, micro blogging, document collaboration, file sharing, instant messaging, video conversations, social behavior UX and API-based platform for app development.
The company was recently selected to join Microsoft Ventures.
19/04/2014: INCENTIVE RAISES $2.3M IN FUNDING