HootSuite to Raise $50 Million from Twitter, Facebook, LinkedIn and Google?

by Rob Lewis | Culture

TechCrunch's Ingrid Lunden is reporting that Vancouver social media darling HootSuite is in the process of raising a $50 million round at a staggering $500 million valuation from Twitter, Facebook, LinkedIn and Google.

Techvibes contacted HootSuite CEO Ryan Holmes for a comment and got a "no comment." However, he did share with Lunden that "at today’s run rate this would be a very fair valuation for investors" and that they "have yet to determine if we will bring in additional partners."

I say, where there's smoke, there's fire. 2012 will end up being the Year of the Owl.

Hootsuite Media, Inc.
Vancouver, British Columbia, Canada

Hootsuite is the world’s most widely used social media relationship platform. More than 10 million users, including 744 of the Fortune 1000 companies, trust Hootsuite to manage their social media programs across multiple social networks from one integrated dashboard. Learn more about how Hootsuite is revolutionizing communication at http://www.hootsuite.com. more

blog comments powered by Disqus

Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

Who's Hiring

Recent Comments

Powered by Disqus