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Conversocial secures a $2.4 million investment

By Anna Drennan on May 24, 2011 3:44:00 PM

We’re very pleased to announce that Conversocial has secured an investment of £1.5 million ($2.4 million), from experienced venture capital firm, DFJ Esprit.

DFJ Esprit has experience of investing in over 200 companies and have helped build many of Europe’s most successful technology companies of recent years, including LOVEFiLM, Apatech, Buy.at, Phyworks, KVS, CSR, The Cloud and Domantis. Partner Nic Brisbourne will be joining us as a non-executive board member, so we look forward to working with him and gaining from his broad experience.

DFJ’s investment will allow us to continue building an indispensable tool for marketing and customer care teams. In-house social media teams are growing in depth and responsibility and companies are dramatically increasing spend on sophisticated yet easy to use social media management software.

Over the next year we have plans to grow our currently small team and accelerate our product development. We have big ambitions for the future of Conversocial, including an expansion into the US, so watch this space for our progress!

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