European social media management platform Agorapulse has announced a growth investment round of £14.7m from three investors – Hi Inov Dentressangle, Cipio Partners and Entrepreneur Venture.
The company, headquartered in Paris, employs more than 65 highly skilled team members from all over the world and has rapidly grown a user base of over 22,500 users across 6,200 accounts to date. Agorapulse has been bootstrapped since its inception to achieve £9m in ARR, with year-on-year growth exceeding 65%.
Agorapulse marks one of the few European companies in the SMB sector that has excelled in the UK market. Agorapulse currently sees an annual UK revenue of £500,000 and with this new investment Agorapulse plans to continue its expansion across the UK and Europe.
The investment round, led by Hi Inov Dentressangle through its Hi Inov and SNCF Digital Ventures Funds, will enable Agorapulse to strengthen its positioning as a leader in social media management solutions for small and medium businesses. This will also allow Agorapulse to capitalise on the significant opportunity that has arisen in the SMB segment, as most key players in this industry have converged to the enterprise segment.
Agorapulse CEO Emeric Ernoult said: “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. 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.”