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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, 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.

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