NEWS3 October 2011

Socialbakers celebrates $2m investment

Europe Financials

CZECH REPUBLIC— Social and digital media analytics agency Socialbakers has been awarded $2m in a financing round led by technology investment firm Earlybird Venture Capital.

The money will be used to fund Socialbakers’ “aggressive” growth plans in the social media monitoring sector. Earlybird general partner Jason Whitmire will take a seat on the company’s board of directors.

Socialbakers co-founder and CEO Jan Rezab (pictured) said: “The funding from Earlybird enables us to accelerate the business growth of our software-as-a-service based social media platform and further strengthens our position in the most important global markets.”