HootSuite, the Vancouver-based creator of the social media management system of the same name, announced on Thursday it had secured $165 million in Series B funding, putting its valuation likely on the $1 billion-plus range.
Ryan Holmes (pictured), the company's CEO, declined to delineate a valuation for the company except to say, "I"m happy to be building a multi-billion-dollar company." The company had confirmed a $200 million valuation in March of last yearTechCrunch also reported that May that the company's valuation was $500 million. Going by those previous valuations, HootSuite could be worth as much as $1.65 billion now. The four-year-old company also has more than 300 employees and offices in Hong Kong, London, New York and Sydney Read more...
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