HootSuite Raises $165M In Round B Funding

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HootSuite Raises $165M In Round B Funding

Vancouver based HootSuite had their Round A funding a little over a year ago.

They raked in $50 million with a $500 million dollar valuation.

Fast forward over a year later and investors are still tripling down on the company.

Indeed, in a climate when other enterprise social media startups were getting snapped up by bigger players (Salesforce bought Buddy Media for $689 million; Oracle bought Vitrue for $300 million), HootSuite — a groundbreaker as one of the first “social media management” platforms for enterprises opening for business in 2008 — was expanding its platform to cover more social media networks and adding more clients. And it was already profitable.

 

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