The Daily Startup: Sequoia, NEA Co-Lead Funding for Hearsay Social

Social sales company Hearsay Social Inc. has closed a $30 million round to improve its product and expand its team as it competes against the likes ofSalesforce.com, HootSuite Media Inc. and others. Existing investors Sequoia Capital and New Enterprise Associates co-led the Series C round, boosting total outside funding to $51 million and setting the stage for what co-founder Steve Garrity indicated would be a massive growth spurt that could double the company’s 100-person workforce during the next year.