Facebook Marketing Software Provider Kenshoo Raises $12M

Digital marketing software provider Kenshoo announced that it raised $12 million in a late-stage financing round.

Digital marketing software provider Kenshoo announced that it raised $12 million in a late-stage financing round.

The company said the round was led by Tenaya Capital, and all existing investors in Kenshoo participated, including Sequoia Capital, Sequoia Growth Fund, and Arts Alliance.

Kenshoo added that the funding will be used to support “ongoing double- and triple-digit annual growth rates” within its search marketing and social media business units, as well as to further penetrate key geographic markets, and to more aggressively create new opportunities for brands and agencies.

Kenshoo Co-Founder and CEO Yoav Izhar-Prato said:

Tenaya has had amazing success with such leaders as Kayak and Zappos, and we’re humbled to have them as partners.

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