Linkfluence raises further €3m from French VCs
Linkfluence, a French social media management business, has raised a further €3m from Sigma Gestion, Orkos Capital and Banexi Venture Partners.
This latest investment completes an earlier funding round from last September, when Orkos and Banexi invested $4.5m (€3.5m) in the Compiègne-based social media management business. The fresh capital will allow the company to consolidate its market position and accelerate its international development.
Besides the new funding round, Linkfluence announced the acquisition of social media monitoring company TrendyBuzz. The bolt-on will see Linkfluence's turnover increase to €7m while headcount will reach 70.
Company
Founded in 2006, Linkfluence has developed a software solution called Radarly for monitoring, analysing and optimising social media strategies. The product is designed to help brands refine their marketing, communications and CRM strategies.
People
Hervé Simonin is the CEO of Linkfluence.
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