Tuesday, September 3, 2013

Lithium Gets $50M In Funding

San Francisco-based Lithium, which develops software-as-a-service for helping brands to manage their social media and customer interaction, as well as create their own online customer forums, said today that it has raised $50M in a funding round. The funding came from New Enterprise Associates as well as an un-named "syndicate of global institutional investors". The company was advised by Allen & Company in the deal. Lithium described the financing as a pre-IPO, mezzanine financing, and said it would use the funding for its technology platform, global expansion, and strategic acquisitions. More information »