Paris-based social media management platform Agorapulse has announced a growth investment round of €16.6 million from three investors – Hi Inov Dentressangle, Cipio Partners and Entrepreneur Venture.
Founded in 2011, the company has until now been bootstrapped. It employs more than 65 team members all over the world, and has rapidly grown a user base of over 22,500 users across 6,200 accounts to date. Agorapulse has achieved €10 million in ARR, with year-on-year growth exceeding 65%, and is one of the few European companies in the SME sector that has excelled in the UK market, with an annual revenue of €565 million.
The investment round will enable Agorapulse to strengthen its position as a leader in social media management solutions for SMEs throughout Europe. The three investors specialise in growth-stage investments in the SaaS sector and will support Agorapulse with its growth plans.
“With Hi Inov, Cipio Partners, and Entrepreneur Venture, we have found three strong investors who will help Agorapulse achieve our next stage of growth in the social media management space,” said Agorapulse CEO Emeric Ernoult. “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.”
The company’s mission is to create a single platform for small and medium businesses and agencies to manage all of their social channels by ensuring seamless and affordable social media management thanks to a central social inbox, advanced content creation, collaboration and scheduling features as well as in-depth performance reporting.