Tuesday, January 12th, 2010

Ryan Holmes, CEO of HootSuite, announced the finalization of $1.9 million USD of venture financing. The announcement comes on the heels of two significant releases including a HootSuite version for Apple iPhone and an update adding WordPress to the supported publishing platforms which already include Facebook, LinkedIn, Ping.fm and of course, Twitter.

The financing came from a high profile syndicate including Hearst Interactive Media, Blumberg Capital and prominent angel investors Social Concepts, and Geoff Entress.

CEO Ryan Holmes says, “This funding keeps HootSuite on track towards becoming the ultimate social media dashboard. We look forward to reaching wider audiences, and helping all manner of on-line projects and personalities communicate better with their audiences.”

HootSuite was created by Invoke in November of 2008 as a Twitter solution for our social media department and quickly evolved to provide brand monitoring, file-sharing, and social network integration. After only one year on the market, HootSuite has built a reputation as an essential tool for new marketers and consumers. Its more than 300,000 users include Whitehouse.gov, Disney, Time, Martha Stewart Media and SXSW.

Tags: development, financing, news, pr, social media, venture capital

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