Socialbakers, the leading worldwide social media analytics and optimization company, has completed a $26 million Series C financing round, one of the largest funding rounds for a social analytics company outside North America. This new funding led by Index Ventures, with existing investor Earlybird participating, validates Socialbakers’ status as the leading provider of SaaS-based, enterprise social analytics on a global scale.
Socialbakers’ vision is to become the international standard for the way social media marketing is measured and optimized. With an international client base that includes half of all Fortune 500 companies, Socialbakers will dedicate much of this latest investment to new product development and strengthening client support, sales and marketing in the U.S, as well as other markets around the world.
“Social is defining the future of marketing, but marketers don’t have the insights they need into social behavior to make the right decisions. Socialbakers is uniquely positioned to deliver the much needed insights into content, engagement and advertising that enables marketers to succeed in social marketing. This funding will further establish our authority in social analytics, publishing and advertising to brands and agencies based in the US, and globally, said Jan Rezab, CEO of Socialbakers.
“Socialbakers has successfully met the demands of an accelerating roster of clients in need of intelligent solutions to better measure, manage and produce social marketing campaigns,” said Jan Hammer, Partner at Index Ventures. “With an executive team that comprises both the dynamic, disruptive vision of co-founder and CEO Jan Rezab with C-Suite expertise from industry veterans, Socialbakers is positioned to move from leading the social analytics category, to defining the next generation of insight- driven social marketing applications.”
The social analytics SaaS category has seen exponential growth in the past year, with a surge of venture capital interest and headline-grabbing acquisitions as the demand for tools and nsight that helps enterprises understand and act on the commercial potential of social media engagement continues to grow. Socialbakers has seen rapid growth internationally as this demand for insight grows with clients wanting to measure hundreds of social properties spread across multiple platforms, countries and industries.
“With its strong revenue growth and phenomenal customer success rate, Socialbakers has quickly established itself as a market leader in brand awareness and social content performance metrics, and we are excited to support its expansion and continued growth with this new funding round,” said Jason Whitmire, Partner at Earlybird.
With one million visits per month Socialbakers.com is the leading global portal for social marketing insights. It has become the standard in social marketing efficacy through its quarterly Socially Devoted benchmarks of the world’s leading brands across more than 100 countries. These insights are widely used by social media marketing managers, agencies, and researchers to define strategies, benchmark performance against competitors and the global community, and to spot consumer trends and customer service areas for improvement.
Socialbakers has been on an upward trajectory since its founding in 2009. In the past 12 months the company:
Socialbakers is the trusted social media management partner to thousands of enterprise brands and SMBs. Leveraging the largest social media data-set in the industry, Socialbakers’ AI-powered social media marketing suite helps brands large and small ensure their investment in social media is delivering measurable business outcomes.
With over 2,500 clients across 100 countries, Socialbakers is the leading social media management platform, tracking 10 million social profiles across all major social platforms including Facebook, Instagram, Twitter, YouTube, LinkedIn, Pinterest, Google+, and VK.com. Socialbakers has been a Facebook Marketing Partner since 2011, a Pinterest Marketing Partner since 2017 and a LinkedIn Marketing Partner since 2017.
For more information, visit www.socialbakers.com.
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