More Money for Facebook Marketing: Shoutlet Raises $15 Million From FTV
It’s a good time to run a company that helps marketers use Facebook. Oracle and Salesforce.com just dropped some $1.1 billion on two of them in the last couple weeks. And investors are pouring money into other firms that make similar pitches.
For instance: Madison, Wis.-based Shoutlet, which offers a suite of social marketing tools, has raised a $15 million C round from FTV Capital, bringing its funding total to $24 million.
Shoutlet CEO Jason Weaver won’t disclose sales numbers, but says he has more than 400 customers who use his company to build and manage marketing campaigns on Facebook, Twitter and now Pinterest. Facebook campaigns account for about 75 percent of the company’s business, he says.