Sprout Social Announces $10million in Series B Venture Capital Funding

Funding Rounds

▤ Summary

“Sprout Social is embracing an increasingly powerful segment of the market in online commerce – the local business,” said NEA General Partner Harry Weller. Sprout Social’s initial funding came from Lightbank, the venture capital firm led by Groupon Co-Founders Eric Lefkofsky and Brad Keywell. New Enterprise Associates, Inc. (NEA) is a leading venture capital and growth equity firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. In addition to communication tools, Sprout Social offers contact management, competitive insight, lead generation, analytics and more – all in a package that’s intuitive and easy to use. The company recently received Series A funding from Lightbank, the investment vehicle launched by founders of the popular Groupon social coupon platform.

$ Funding

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Amount $10.0M Total raised
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Date June 20, 2014 Announcement date
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Investors >>venture>>, New Enterprise Associates, Lightbank, Sprout Social Lead investors
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Company http://www.sproutsocial.com Funded company

▥ Classifications

industries
No industries detected
applications
Collaboration & Communication

◇ AskAI Classifications

Labels
SaaS Social Media Management Software Marketing Automation

▦ Linked Companies

Sprout Social, Inc.
$100M to $250M