Sprout Social Raises $42M For Its Marketing Tools

Sprout Social is saying a big Series C spherical of funding — the corporate says it has raised $Forty Two million from Goldman Sachs’ Service Provider Banking Division and New Endeavor Associates.

Manufacturers the use of the company’s Tools for monitoring and publishing to social media embody Hyatt, Surprise, Microsoft, Uber, Zendesk and Zipcar. It says it’s presently working with greater than 3,000 agencies, Eight,000 small businesses and 5,000 mid-market and Enterprise firms.

Based in 2010, Chicago-based totally Sprout Social has now raised a total of $60 million. Jason Kreuziger, a vp at Goldman Sachs, is becoming a member of its board of administrators.

“[CEO Justyn Howard] and his team have done an outstanding job constructing this high-boom, winning firm within the social media administration device market,” Kreuziger mentioned in the funding unencumber. “The industry performance of Sprout meets or exceeds that of best possible-in-class SaaS corporations, whereas the product’s ease of use and scalability has resulted in its adoption in buyers ranging in size from SMBs to Fortune 500 firms.”

Featured Image: Sprout Social