Hootsuite Raises $165 Million In Series B

Posted Aug 1, 2013

Hootsuite is a social media dashboard company that has raised $165 million in Series B led Insight Venture Partners.  Accel Partners and OMERS Ventures were also a part of this round.  Hootsuite previously raised $21.9 million in Series A.

According to GigaOM, Hootsuite CEO Ryan Holmes said that the company will be using the funding for international expansion.  They will be hiring additional talent in Latin America and Europe.  Hootsuite will also be acquiring other companies with the funding.

Personally I use Hootsuite as an alternative to RSS.  I use it to track what companies are tweeting in one tab and what my friends are tweeting in another tab.