Hearsay Social raises $30 million

Source: Hearsay Social

Three years ago, we left our jobs at Microsoft and Salesforce.com to create the next generation of enterprise software.

In the wake of the financial crisis, businesses hungered for innovation because they knew they needed step change in order to stay relevant to an increasingly social and mobile customer. Before "social business" and "big data" became part of the common vernacular, we founded Hearsay Labs to take advantage of their intersection. We developed software for relationship managers to attract, retain, and grow customers through social media, and dubbed this "social sales."

We dreamed of building a different kind of enterprise company: one which could move at the pace of today's demanding customer and which could translate the unprecedented innovation and sharing happening on consumer social networks into business value for the enterprise by doing three simple things: 1) driving sales, 2) addressing governance and compliance, and 3) focusing on training and customer success.

In the spirit of that original mission, we are delighted today to announce a $30 million round of Series C funding and more than doubling of our enterprise customer base over the last year.

To our long-standing customers: thank you for believing in us and joining our journey early on. To our newest customers, including Raymond James Financial, Mutual of Omaha, Bank of the West, Nationwide Insurance, Allianz Global Investors, Wunderlich Securities, Modern Woodmen of America, Southwest Business Corporation, RPM Mortgage, and Mortgage Master: a heartfelt welcome from the entire Hearsay Social team! We are excited to use our new funds to drive even greater innovation and social sales success for you.

Between our newly opened European offices and exclusive partnership with LIMRA in the life insurance industry, it has been a busy year at Hearsay Social. But we are just getting started in the social sales movement.

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