HubSpot Raises $32 Million In Series D
Brian Halligan and Dharmesh Shah founded HubSpot Inc. in 2006 and they have recently raised $32 million in Series D. The funding was provided by new investors Google Ventures, Sequoia Capital, and Salesforce.com. Existing investors General Catalyst, Matrix Partners, and Scale Venture Partners also participated in this round. HubSpot has raised a total of $65 million thus far.
Halligan and Shah met while they were Sloan Fellows at MIT’s School of Management in 2004. HubSpot is a service that helps small businesses set up blogs, SEO, lead management, marketing analytics, e-mail marketing, landing pages, etc. About 4,000 companies in 31 countries use their services.
“We agree with HubSpot’s belief that search engines, social media and mobile devices have fundamentally changed how businesses should market themselves,” stated Google Ventures partner Rich Miner. “We’re thrilled to support their efforts to help thousands of small and medium businesses reach potential customers.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry