After eight years of bootstrapped and global growth, Paris-based Agorapulse has raised £14.7 million in funding to strengthen its market leadership in social media management for small and medium businesses. The round was led by Hi Inov Dentressangle, with support from Cipio Partners and Entrepreneur Venture; all three investors specialize in growth-stage SaaS investments.
Agorapulse CEO Emeric Ernoult said: “We have found three strong investors who will help Agorapulse achieve our next stage of growth in the social media management space. We are confident that these investors will enable us to continue providing effective and affordable social media solutions to medium businesses and agencies all across the globe.”
Currently, the company has over 6,200 user accounts across 180 countries. With the new funding, it plans to invest in its expansion across the UK and Europe. As a platform that focuses specifically on small and medium-sized businesses, Agorapulse sees a big opportunity for itself now, as most major competitors in the industry have pivoted to the enterprise segment.