Main Street Hub, which makes a marketing platform for small businesses, last week announced the closing of $25 million in venture capital to support its rapid growth.
The Austin-based startup, founded in 2010, has raised $66 million to date, according to CrunchBase. The company closed on its Series C equity financing round from Vista Equity Partners. Previous investors included Bessemer Venture Partners and Harrison Metal Capital.
Main Street Hub plans to use the funds to hire 300 people in its Austin and New York offices by the end of the year.
It also plans to use the money to introduce several new products.
“Marketing a local business has become significantly more complicated since the days of the Yellow Pages, and today’s consumers expect a two-way conversation across a variety of online channels,” Andrew Allison, co-founder and co-CEO of Main Street Hub, said in a news release.
Main Street Hub sells a marketing platform that includes social media, customer reviews, mobile, and email marketing to help local businesses attract and retain more customers.
Silicon Hills News did this profile on the company in 2013.
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