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HootSuite Raises $165 Million, Adds New Board Members

HootSuiteAs they continue their global dominance in the social media space, Vancouver-based HootSuite has secured an additional $165 million US in capital for its Series B Financing round.  This new round is a co-investment led by Insight Venture Partners, with participation from Accel Partners and existing investor, OMERS Ventures.

With over 7 million users, HootSuite has grown to have a staff of over 300 located in Vancouver, Toronto, San Francisco, New York, Hong Kong, London, Sydney.  With this investment, Jeff Leiberman, Manager Director at Insight Venture Partners, Ryan Sweeney, Managing Partner at Accel Partners, and John Ruffolo, Chief Executive Officer of OMERS Ventures have joined HootSuite’s Board of Directors.   HootSuite secured $20M in funding back in March 2012, and OMERS also took equity stake in the company.