HubSpot raises $12M Series B - Cambridge, MA

HubSpot secured $12 million in series B funding led by Matrix Partners, with participation from existing investor General Catalyst, who led the $5 million series A financing in July 2007. David Skok of Matrix Partners will join HubSpot's board of directors.

HubSpot will use the funding to aggressively hire sales and product staff to support its growing customer base and surplus lead flow. Since HubSpot launched its first product in 2007, its customer base has grown to nearly 400 companies ranging from small, start-up ventures to established companies. Similarly, HubSpot has doubled its number of employees to keep pace with the growing demand for HubSpot's Internet marketing system.

http://www.hubspot.com/company/news/bid/4150/HubSpot-Raises-12-Million-for-SaaS-Internet-Marketing-Software