?Office On The iPad? App CloudOn Raises $16 Million, Is Adding Group Collaboration

CloudOn?- yes, the company known best for bringing Microsoft Office to the iPad - has just closed a $16 million Series B round led by?The Social+Capital Partnership with participation from Translink Capital as well as existing investors Foundation Capital and Rembrandt Venture Partners.?Mamoon Hamid, General Partner at Social+Capital, will now join CloudOn's Board of Directors as a part of the funding. The raise speaks to the demand for traditional productivity software on the iPad, but also hints at bigger plans for the startup, which has a vision that re-imagines how?productivity should work in the new mobile age.

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