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RedOwl closes Series A funding round

RedOwl Analytics, of Baltimore, a developer of software that helps organizations analyze how their own employees communicate internally, announced it raised $4.6 million in new financing in a Series A funding round.

Investors include Salesforce.com Chairman and CEO Marc Benioff, Igor Sill of Geneva Venture Group, Under Armour CEO Kevin Plank (via Sagamore Ventures), Christian Lawless of Conversion Capital, Attractor Ventures LLC, and two funds of the Maryland Technology Development Corp (TEDCO).

The additional capital will help RedOwl accelerate product development and expand its client portfolio in the financial services, legal, investigative and government sectors.

The Series A round followed two rounds of seed capital in 2012 and 2013 with investors from the venture capital, finance and government areas.