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May 22, 2012 03:38 pm GMT

GroSocial Nabs $1M From HubSpot Execs & More To Become The Buddy Media For SMBs

GroSocial-799Back in October, GroSocial raised $450K in seed funding from the Kickstart Seed Fund, Monarch Ventures, Rock & Hammer Ventures and a handful of angel investors. The seed funding acted as early validation and fuel for the Utah-based startup, which is on a mission to help SMBs -- and organizations that lack the resources to train or hire dedicated social media teams -- boost customer engagement and monetization via social media. Today, the Utah-based social media marketing company has officially received further validation from investors, with the announcement that it has closed an additional $1 million in funding. Each of the investors that participated in the startup's initial financing have re-upped, along with a handful of newcomers, including HubSpot Co-founder and CTO Dharmesh Shah and HubSpot CMO Mike Volpe.

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