Kubi Software Secures $8 Million in Financing

Jan 09, 2004

Kubi Software, Inc. has raised $8 million in Series C financing from venture-capital firms.  Investor North Bridge Venture Partners led the round, which also included previous investors Lazard Technology Partners and VIMAC Ventures, LLC. With this new round of funding, Kubi Software has raised a total of $16.3 million. Michael Skok, general partner of North Bridge Venture Partners, will join the Kubi Software Board of Directors. Kubi Software will apply the funding toward enhancing its collaborative email products, Kubi Client and Kubi Server, and to concentrated sales and marketing outreach in vertical markets, such as financial services, professional services, and pharmaceuticals.

The Collaborative Email approach combines collaborative capabilities with the familiarity of Email. Kubi Software's products are designed to provide structured team spaces in which individuals and teams can collaborate spontaneously and securely, sharing documents, discussions, contacts, task lists, and team folders, without leaving the Microsoft Outlook or IBM Lotus Notes Email clients. Kubi Software has also extended the benefits of the collaborative email approach to users of enterprise applications such as CRM (customer relationship management) and contract management, through technology-integration partnerships with salesforce.com and DETERMINE Software.