As well as business development, the new debt will also allow HootSuite to acquire TwapperKeeper.com.
Canada-based applications provider HootSuite has raised C$3m ($3m) in debt bridge financing from investors in its previous C$1.95m equity round that closed in December 2009, including Hearst Interactive Media, the corporate venturing unit of US media group Hearst.
Venture capital firm Blumberg Capital and angel Geoff Entress, also reinvested with new participation from Millennium Technology Ventures.
As well as business development, the debt will also allow HootSuite to acquire TwapperKeeper.com. This social storage and reporting tool is used heavily…
