HootSuite has been one of Canada's most-talked about startups since it first launched back in 2008. The Vancouver-based social media company has been a real newsmaker in 2012, from raising big funding rounds and reaching new milestones to the increasing celebrity of CEO Ryan Holmes. Today, we look back at this year's most popular HootSuite stories on Techvibes.
Ryan Holmes is by most measures a light-hearted fellow. But when it comes to the success of HootSuite, he means business. The serial entrepreneur has grand ambitions for his company, and when he revealed he wanted to grow HootSuite into a billion dollar company, readers applauded his approach.
This Canadian company grew its headcount from 80 to 230 in 2012. When HootSuite first suggested it would double its employee numbers this year, we admit we were a bit skeptical. Now we know never to underestimate their ability to set a goal and achieve it.
In an AMA on Reddit, Ryan Holmes admitted that his company's offices sucked. So we imagine his 200-plus workers were pretty relieved when HootSuite finally secured new digs. Next year, they'll move into 33,000 square feet of City-owned office space.
We at Techvibes were the first to spot that HootSuite reached five million users (two days before the company officially announced it). The milestone was undoubtedly impressive, but the acceleration of growth was even more remarkable and really got people buzzing.
HootSuite raised a lot of new money in 2012, the biggest round of which came from Omers Ventures. The $20 million injection was the startup's funding highlight of the year and valued the company at $200 million. Since then, estimates of HootSuite's valuation have been as high as $500 million.
Photo: Beedie School of Business