TigerText Raises $50M in Series C Financing

ttTigerText, a Santa Monica, CA-based provider of secure communications and workflow platform for the enterprise, raised $50m in Series C funding.

The round was led by Norwest Venture Partners, with participation from Invus Group and Accolade Partners, as well as existing backers Shasta Ventures, OrbiMed, and Reed Elsevier. In conjunction with the funding, Dr. Robert Mittendorff, principal at Norwest Venture Partners, will join TigerText’s board of directors.

The company intends to use the funds to accelerate market adoption of its messaging app and the build-out of its Platform-as-a-Service, “TigerConnect”.

Led by Brad Brooks, co-founder and CEO, TigerText provides real-time mobile encrypted messaging for the enterprise to keep communications safe, improve workflows, and comply with industry regulations.¬†The company’s solution is used by more than 5,000 facilities and four of the top five largest for-profit health systems in the nation, including Universal Health Services.

TigerText has also released a suite of new tools to enable organizations to enjoy communication on any platform and any device, even in areas with poor network connectivity.

FinSMEs

11/11/2015

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