CHICAGO, IL – Spout Social raised $40.5 million in Series D venture funding on December 19 in a deal lead by The Future Fund.
Round participants also included New Enterprise Associates and The Goldman Sachs Group. The company will use the funds to expand internationally and add more functionality to its platform.
Sprout Social is a provider of social media management software and solutions designed to facilitate communication with brands and their customers. The SaaS solution integrates with social platforms and networks, and features offer content streaming and assessment of customer metrics.
Justyn Howard, CEO of Sprout said in a press release, “Social marketing and social data have become mission-critical to virtually all aspects of business. Sprout’s relentless focus on quality and customer success have made us the top customer-rated platform in every category and segment. In many ways, social is still in its infancy, and we’re fortunate to help so many great customers navigate this evolving set of challenges.”
Thanks to our sponsor
“The Sprout team has built a remarkable company, evidenced not only by their performance but their focus on culture, quality and their customers,” said Jason Kreuziger of the Merchant Banking Division at Goldman Sachs in a press release. “Since our initial investment in 2016, Sprout has continually demonstrated their ability to lead and transform this category through best-in-class technology, tremendous leadership and their customer-centered approach.”
Justyn Howard, Aaron Rankin, Gilbert Lara and Peter Soung founded Sprout Social in 2009.
Visit https://sproutsocial.com/ to learn more about this company.
