HubSpot Raises $16 M in Third Round Venture Capital
By Anna Johnson on October 26th, 2009Internet marketing solutions provider HubSpot has raised $16 million in third round venture funding.
Led by Scale Venture Partners, and along with previous investors Matrix Partners and General Catalyst Partners, this third round of venture capital means HubSpot has raised a total of $33.5 million to date.
HubSpot, which, among other things, sells Internet marketing traffic and conversion tools such as Website Grader – a tool that audits websites for their search engine friendliness – plans to use the capital to invest in further product development.
Meanwhile, HubSpot reckons its revenues have grown by 350 percent over the last year.
