Brand Networks Snatches $68 Million in Funding

Jamie TedfordBrand Networks has just received a whopping $68 million in first round funding to propel the social media marketing startup farther and faster.

Started back in 2006, Brand Networks began as an organically built and grown business that offers businesses social media marketing solutions via Facebook and the rest. Profitable since nearly day one, the company is apparently ready to fuel up for more expansion, or acquisition etc. Private equity firm AEA Investors is taking board seats including former P&G exec Kurt Holstein.

Brand Networks also announce their launch of something termed Brand Networks also announced today the launch of its Social Marketing Stack™, a  fully integrated platform that lets marketers manage content publishing, applications, ads and even social insights. The “stack” gets customers into a more profitable stake where integrating with Facebook, Twitter, Tumblr, and other platforms goes. CEO  Jamie Tedford (top left) offered this on the funding round:

“AEA has a long track record of identifying and helping build companies that are highly differentiated in their market. We’re thrilled to have an experienced investment partner that understands the strength of our vision to fuse services with technology to create a comprehensive offering for brands and agencies to grow market share and drive sales through social media. This investment will allow us to scale proven solutions to new market segments and continue to develop new products and services.”

Brand Networks is cash flow positive with triple digit revenue growth year over year since 2010. The company now has 135 employees across five offices in Boston, Los Angeles, New York City, Rochester and Toronto. For more information on this news readers should visit the original press from the company here.

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