Late last month, Vancouver's HootSuite closed a financing round with OMERS Ventures, who bought a $20 million ownership stake in Vancouver-based HootSuite via a secondary purchase from the company’s existing shareholders.
The financing pegged HootSuite's valuation at over $200 million. But more important, it helped CEO Ryan Holmes and his co-founders and early investors "de-risk" and refocus on their plans to build HootSuite into a billion dollar company.
Looks like the team isn't sitting on their recent windfall. Rather, they're putting their hard-earned money back to work in the Pacific Northwest ecosystem.
Today, Portland's Chirpify announced that it has raised $1.3 million round from an impressive array of investors including Voyager Capital, BuddyTV CEO Andy Liu, investor Geoff Entress, and former Facebook exec Rudy Gadre. Also on that list is Holmes.