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HootSuite Has Raised $165 Million

Social media management dashboard HootSuite has raised $165 million in venture capital funding which will be used to help support the company’s growth.

The deal broke investment records in Canada. Here is more from the HootSuite blog: “The latest round, representing the largest deal ever in Canadian venture capital history for a software company and one of the largest rounds of global venture capital funding, is a co-investment led by Insight Venture Partners, with participation from Accel Partners and existing investor, OMERS Ventures.”

HootSuite has more than 7 million users around the globe using its social platform including enterprise customers PepsiCo, Virgin, Orange, Sony Music, Telus, HBO, WWF, UPS, and Panasonic. Over the last year, the company has almost doubled its employee base around the world.

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