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Hearsay Social Raises $30M in New Funding

To accelerate product development for retail relationships, Hearsay Social Inc., an enterprise social media management and compliance technology firm, announced Thursday that it has raised $30 million in new funding Two of the startup’s existing investors, venture-capital firms Sequoia Capital and New Enterprise Associates, contributed the funding, according to Clara Shih, Hearsay’s chief executive. The company, which was founded in 2009, has raised a total of $51 million.Hearsay’s platform helps advisers mine data about clients, conduct outreach efforts and meet compliance…

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