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Sprout Social raises $40.5M to help companies improve their social media

Dec 20, 2018 - Chicago Business Journal

Sprout Social just landed a large round of funding to bring its social media management platform to more customers.

Sprout announced Wednesday that it has raised $40.5 million in new funding led by Future Fund, an investment fund led by the Australian Government. Other backers include Goldman Sachs and New Enterprise Associates. Sprout has now raised $103.5 million to date.

The Chicago startup has grown quickly since its founding in 2010, amassing more than 25,000 customers, includ...