Buddy Media has secured $54 million in series D venture capital funding from a group of late-stage investors. Insight Venture Partners was the new investor in the round, while existing investors GGV Capital, Institutional Venture Partners and Bay Partners also took part in the fundraising process. The social media management software company will use the funding for the expansion of its product, sales and support staff in the next year as well as to finance additional global offices and acquisitions. GGV partner Jeff Richards has led the investment round and joined Buddy Media’s board of directors.
Click here for the release from PR Newswire.