Tuesday, February 5, 2013

Spredfast Grows With $18M In New Funding

Austin-based Spredfast is growing, true to its name, with a new, $18M funding round, the firm said this morning. Spredfast, which is led by Rob Favaron, said today that it has raised $18M in a Series C funding round, which was led by OpenView Venture Partners and also included Austin Ventures and InterWest Partners. Adam Marcus of OpenView joins the company's board with the funding.

Favaron said in a blog post that Spredfast is providing a scalable platform for companies, who need a platform that will "grow and evolve with them to meet, and exceed, the needs of their customers on social."

Spredfast is a developer of social media management software, used by large companies to better manage their social media efforts. The firm last raised funding in September of 2011, and now has raised $33.6M in funding.

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