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

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