Falcon Social Raises $16M To Push Development, Expansion

To expand its U.S. business, Falcon Social just raised $16 million led by Prime Ventures. Existing investors including Northcap and Target Partners also participated in the Series B financing round.

Falcon Social plans to use to cash on product development and global expansion, and the U.S. in particular.

From Hootsuite to Sprinklr to Sprout Social, the enterprise social-media management platform has no shortage of stateside competition.

Yet, “there is a void in the market for a scalable social media [software as a service] platform capable of unifying business units,” according to Falcon Social founder and CEO Ulrik Bo Larsen.

The company reported 443% revenue growth and 130% customer growth, last year, and is on track to maintain a similar rate of growth in 2015, according to Larsen.

Founded in 2010, Falcon currently boasts about 400 clients, including Coca-Cola, Jaguar, Toyota, and Warner Music. With offices in New York and Copenhagen, Falcon Social currently employs 180 people from some 38 countries, by Larsen’s estimate.

To date, the company has now raised a total of $25.33 million.



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