HootSuite Raises $165 Million, Adds New Board Members

BY: 

Dave Forde
August 6, 2013

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.

 

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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