HubSpot

A number of large institutional investors, including Altimeter Capital and Cross Creek Capital, another firm with an incredible track record, have invested $35 million in HubSpot (Cambridge, MA, USA) in a mezzanine round.
That’s more than $100 million invested in HubSpot’s transformative all-in-one marketing software since its 2006 launch.

Brian Halligan, CEO, HubSpot

“We’re generating revenue at an annualized run rate of $60 million, up more than 80% over last year, and we still see a huge market opportunity ahead of us,” said HubSpot CEO and co-founder Brian Halligan.”

The company recently launched its most feature-rich product suite yet – HubSpot 3. The suite includes analytics, SEO, blogging strategy, advertising and more. HubSpot also added 100 net new jobs in the past year, bringing the total employee count to more than 400, and plans to add 55 more by year’s end.

For 2011, HubSpot is forecasting a $60 million run rate, which is up over 85 percent from a year ago. While the company’s valuation was not disclosed, Laura Fitton, HubSpot’s Inbound Marketing Evangelist (and founder of OneForty) said that the valuation was “very good.”

Dharmesh Shah, CTO & Founder, HubSpot

“HubSpot empowers our customers to do inbound marketing right, by attracting leads using extraordinary content and then converting them using highly personalized context,” said Dharmesh Shah, CTO and co-founder.  “HubSpot customers have generated more than 56 million leads since we founded the company, which is what happens when you create marketing people love.”

“We took on this investment for one simple reason: to grow. We have arrived at a scalable, reliable fast-growing model that works and that serves tens of thousands of marketing professionals at our 8,000 customers. Now it’s time to hit the gas even harder by hiring more of the world’s top inbound marketing and software talent, opening up to accelerating demand from global markets, and acquiring some of the most promising marketing software startups and talent in the world.”

“Our goal has always been to build a successful, enduring, independent company that transforms how the world does marketing,” said Halligan. “This financing sets us up for big investments in hiring and acquisitions so that we can continue to change the way the world does marketing.”

Source: Hub Spot