HootSuite Closes $165 Million Series B Round

HootSuite, a collaborative social media monitoring startup that offers products for enterprise and SMB customers, announced on Thursday that it has raised a $165 million Series B round of venture funding. The round was led by Insight Venture Partners, with participation from Accel Partners and existing investor OMERS Ventures. As a result of the new round, IVP’s Jeff Leiberman, Accel’s Ryan Sweeney and OMERS’s John Ruffolo will join HootSuite’s board of directors.