HootSuite is a social media management company that launched three years ago. Since then they have grew to almost 4 million users with $75 million in revenue. HootSuite’s founder Ryan Holmes said that he and several shareholders have sold $20 million worth of shares to OMERS Ventures, which is an investment arm of one of Canada’s largest pension plans. This is one of the biggest venture capital deals in Canada.
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Google Inc. (NASDAQ:GOOG) has acquired Metaweb, a company that develops the open, shared database platform called Freebase. Metaweb was founded by Danny Hillis and Robert Cook in 2005. Metaweb raised $57.5 million in funding over two rounds. Investors include Benchmark Capital, Millennium Technology Ventures, Goldman Sachs, and Omidyar Network. Google said that the Freebase database will remain open and free. [VentureBeat]