Hootsuite Raises $35M Ahead of Planned IPO, Valued At $800M

Hootsuite-cabin

Hootsuite has raised $35 million in a Series C funding round from Fidelity Investments, which values the social media marketing management platform at $800 million. The funding round hasn’t been confirmed by Hootsuite or Fidelity, but The Wall Street Journal previously reported that a deal was in the works according to sources familiar with the matter. [Source: WSJ] [Image: Flickr]

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Philip Nowak is the founder of Firmology, technology focused news and insight for small businesses and online startups. He honed his entrepreneurial chops while working for his family’s Chicago-based window manufacturing business. Philip graduated from Indiana University with a BA in Economics.