Hootsuite Raises Another $60 Million, Buys Zeetl

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Hootsuite Raises Another $60 Million, Buys Zeetl

Hootsuite insists it doesn’t need money but continues to raise it. Last year, the company raised $165 million and it announced today that it raised an additional $60 million. The company offers a single dashboard to companies that allows them to monitor customer interactions as well as post on over 35 social networks, including LinkedIn Corp (NYSE:LNKD), Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR), and Instagram.

The funding comes on top of building rumors that the company is nearing an initial public offering in the near future.

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Hootsuite’s new and existing investors

This round of funding was led by a Boston-based asset manager, most likely Fidelity Investments if the Wall Street Journal was accurate in its reporting earlier this month when it reported a $35 million investment. It also secured money from existing investors that include: Omers Ventures, Accel Partners, and Insight Venture Partners.

Omer Ventures is the venture capital interest of the Ontario Municipal Employees Retirement System pension fund, which has also invested in Shopify Inc. and Desire2Learn Inc. which could also go public in the ne