Spredfast Raises $18M in Venture Capital
Summary
Spredfast, an Austin, Texas-based provider of independent social marketing software, raised $18m in venture capital.The company intends to use the funding to continue to develop its technology platform and to grow the team.Led by Rod Favaron, CEO, Spredfast provides social media management software that allows organizations to manage, monitor, and measure their social media programs at scale.It enables people to engage in more conversations from a single platform on social networks such as Facebook, Twitter, LinkedIn, YouTube, Foursquare, and known blogging platforms.Customers include AT&T, Jason’s Deli, Warner Brothers, Whole Foods Market, AARP, AGAIN Interactive, Coty Beauty, HomeAway, WCG, Caterpillar, Rackspace, and Starbucks.
Funding
Amount
$18.0M
Total raised
Date
February 5, 2013
Announcement date
Investors
OpenView Venture Partners, Austin Ventures, Greenspring Associates, InterWest Partners
Lead investors
Company
http://www.spredfast.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
Social Media Management
Marketing Technology
Software as a Service (SaaS)
Linked Companies
Spredfast
$100M to $250M