Archive for PE/VC News

Hootsuite Raises a Whopping $165 Million in VC Funding

Congratulations to Vancouver’s Hootsuite on raising $165 million in venture capital financing.  The Series B round was led by Insight Venture Partners with participation from Accel Partners and OMERS Ventures, which participated in its previous round as well.  This is the largest ever venture capital investment in a Canadian software company.

Hootsuite was founded in 2009 and provides software that allows enterprises and other organizations to implement, manage, and track their social media campaigns and activities across the most popular social networks.

For more information about the deal, click here.

 

 

 

 

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Over 140 Seed and Angel Companies Acquired Since 2012

CB Insights released some interesting data regarding acquisitions of seed/angel stage technology companies that have not yet raised follow-on capital, presumably because they have been unable to do so.  These findings should be noted by founders and seed/angel investors whose companies are having difficulty raising growth capital.  While we would like to see Canadian companies achieve more robust growth and to be able to raise the capital required to do so, it is encouraging to see that larger companies, including some of the most recognized names in the tech sector, are willing to step up and provide a path to exit for cash-starved companies that have managed to develop technologies, implement business strategies, or assembled talented teams.

You can view the article here.

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