Warburg Pincus turns $10M tap on for Spigit

Spigit, builder of internal social networks for large companies, announced today that it raised $10 million in equity from Warburg Pincus to expand its number of customers and continue product development.

The Pleasanton, Calif. company offers two different platforms — InnovationSpigit and IdeaSpigit — that allow employees within companies to share ideas, collaborate on projects and recruit the right people for certain efforts.

Spigit has now raised more than $15 million to date from family, friends and Pico Holdings, in addition to Warburg.

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