Rypple, a Toronto, Canada-based developer of a social software that simplifies workplace feedback, has raised $7m in financing.
The round was led by Bridgescale Partners, with additional participation from Edgestone Capital Ventures, Extreme Venture Partners, Peter Thiel, Seymour Schulich, Roger Martin and Joe Sigelman.
This brings the total amount raised by the company to date to $13m.
In conjunction with the funding, Rypple Howard Gwin, a Bridgescale partner and former EVP at PeopleSoft, and Roger Martin, Dean of the Rotman School of Management, will join the company’s board of directors.
Rypple’s customers include most innovative companies such as Mozilla, Rackspace, Adaptive Path, and Digg.
The company also operates offices in San Francisco, CA.