Canada-based social media tools company Hootsuite completed a $60m series C round on Thursday, lifting its total financing to $250m.
The round was led by a Boston-based asset manager previously reported by the Wall Street Journal to be Fidelity Investments, and also included Accel Partners, Insight Venture Partners, Omers Ventures and Silicon Valley Bank.
Hootsuite’s previous investors also include Hearst Ventures, the corporate venturing arm of Hearst Media, as well as Blumberg Capital and Millennium Technology Value Partners.
The company raised the money at double the valuation of the $165m series B round it closed in August 2013, Hootsuite CEO Ryan Holmes told Mashable.
Holmes said in a statement: “This financing will help us scale even faster on a global level and bring the most innovative products to market. The strong commitment from investors during this time of amazing growth marks an exciting milestone for Hootsuite.”
Hootsuite used part of the money to fund an acquisition of Zeetl, a Canada-based developer of social telephony technology that will now be integrated into Hootsuite’s social relationship platform.