Hootsuite Completes Series B Financing

HootSuite Media Inc. finalized the closing of a $165-million Series B financing round.

The investment was led by Insight Venture Partners, with participation from OMERS Ventures, an existing investor; and Accel Partners. The financing represents the largest deal in Canadian venture capital history for a software company and one of the largest rounds of global venture capital funding.

Insight Venture Partners, and Accel Partners, were represented by Willkie Farr & Gallagher LLP with a team of Rosalind Kruse, Hillel Jacobson, Joshua Halpern and Andrew Prodromos; and by Stikeman Elliott LLP with a team of Ian Putnam, Anne Weintrop, John O'Connor and Craig Broadhurst.

OMERS Ventures was represented by Danial Lam, its Managing Director, Strategic Investments, and General Counsel; and by Bennett Jones LLP with a team of Gary Solway, Jesslyn Maurier and Ben Gliksman.

HootSuite was represented in-house by Paula Pepin, general counsel; and by Osler, Hoskin & Harcourt LLP with a team of Chad Bayne, Kim Wharram, Jason Comerford, Ivan Pankoff, Jay Greenspoon, Arlene Mack, Amelia Miao and Robert Anton.

Dentons acted as counsel to Blumberg Capital II, L.P., a significant shareholder in Hootsuite and a participant in the transaction. The team from Dentons included David Papier and Tim Santoli (Short Hills, New Jersey/New York), Tom Houston (Ottawa) and Jules Lewy (Toronto).


Chad Bayne Anne Weintrop Jason Comerford Ivan Pankoff Jay Greenspoon Kimberly J. Wharram Ian Putnam Gary S.A. Solway Jesslyn G. Maurier Danial K. Lam Craig Broadhurst Thomas A. Houston John P. O'Connor Jules Lewy