HootSuite Goes Large With $165M Funding Round

Social media management provider HootSuite announced today it has raised US$165 million in a Series B round led by Insight Venture Partners. Accel Partners and existing investor OMERS Ventures also participated in the round. As part of the funding, Jeff Leiberman, manager director at Insight, Ryan Sweeney, managing partner at Accel, and John Ruffolo, CEO of OMERS, have joined HootSuite’s board of directors. Vancouver, British Columbia-based HootSuite, which was founded in 2009, previously raised more than $21 million in funding from OMERS, Blumberg Capital, Hearst Ventures and others, according to Thomson Reuters (publisher of peHUB).

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