BizSugar.com › Social Media › Sprout Social Raises $42 Million

Sprout Social, a social media engagement software vendor, has raised $42 million from Goldman Sachs’ Merchant Banking Division and New Enterprise Associates. The company has now raised a total of $60 million across five rounds of funding.
The investment will help the company expand its product range and cater to the growing business demand for social media management tools.
Justyn Howard, CEO and co-founder of Sprout, said in a press release, “As social becomes central to everyday business, brands require tools that are as capable as they are intuitive. Sprout meets those demands, and we’ll continue to improve every aspect of our products and business to create the most compelling social tools for our customers.”