HootSuite Takes $20M Investment From OMERS Ventures
In one of Canada’s largest venture capital transactions in the past 10 years, Twitter dashboard HootSuite has announced a $20 million investment from OMERS Ventures.
HootSuite is just four years old, but already it has blossomed from a shoestring operation to a cash flow positive business serving up over 1.5 million tweets a day.
Over the years, HootSuite CEO Ryan Holmes has received buyout offers of $10, $40 and $100 million – all of which he’s turned down.
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