HubSpot Raises $35 Million to Help With Hiring, Expansion and Acquisitions
HubSpot, an inbound-marketing software firm, has just announced a $35 million round of mezzanine financing, bringing its total financing to $100 million. The funds will be used to fund growth through hiring, international expansion and acquisitions. “We’re generating revenue at an annualized run rate of $60 million, up more than 80% over last year, and we still see a huge market opportunity ahead of us,” said HubSpot CEO and co-founder Brian Halligan. Dharmesh Shah, HubSpot CTO and co-founder, noted that the company’s customers have generated more than 56 million leads since HubSpot was founded. The company is applying processes regarding staffing and internal procedures to operate “as if public.” (HubSpot)
