Social media analytics startup Simply Measured raises $20M, wants to be Seattle’s next tech titan

simplymeasuredfounders

Simply Measured founders Adam Schoenfeld, Aviel Ginzburg and Damon Cortesi won Startup of the Year at the 2013 GeekWire Awards.

Simply Measured is simply on fire.

Less than a year after the company took home GeekWire’s 2013 Startup of the Year award, the Seattle-based social media analytics startup is announcing a $20 million Series C round led by Trinity Ventures.

simplymeasured1212CEO and co-founder Adam Schoenfeld said that the fresh funds will help the company grow its workforce by nearly 100 in 2014, while rolling out new products at the same time.

Simply Measured works with big brands like Pepsi, American Express and Samsung to provide them with tools that analyze social media traffic and determine social media influencers from platforms like Facebook, Twitter, Tumblr and Instagram.

Schoenfeld is bullish on how the company fits into the overall social media landscape today, particularly when it comes to brands needing actionable data. He said that there are three “phases” of social marketing from an enterprise sense, the first of which began around 2006 when brands first watched conversations passively. The second phase arrived a few years later, when brands began engaging proactively.

Now, in 2014, Schoenfeld explained that social is becoming an extremely important part of the marketing mix. However, CMOs often do not have great tools that help them measure the new data from various places — and that’s where Simply Measured comes in.

Simply Measured founders Aviel Ginzburg, Adam Schoenfeld and Damon Cortesi with Startup of the Year sponsor Brian Hayden of Flinn Ferguson Corporate Real Estate.

Simply Measured founders Aviel Ginzburg, Adam Schoenfeld and Damon Cortesi with Startup of the Year sponsor Brian Hayden of Flinn Ferguson Corporate Real Estate.

“We see ourselves filling that need in an age where brands have to be social,” Schoenfeld said.

The company sure has come a long way since 2010, when Schoenfeld and his fellow co-founders (Aviel Ginzburg and Damon Cortesi) had no product and a name — Untitled Startup — that reflected the nebulous path they were taking.

But the founders have built a leading social media analytics company that’s now backed by nearly $30 million in funding. The 115-person team has more than doubled both revenues and customers over the last year.

Schoenfeld has high hopes that Simply Measured can become Seattle’s new hot startup.

“If we can establish ourselves as a leader, we think we can be the next Zulily, the next Tableau in Seattle,” he said. “That’s really what we want to do.”

Bessemer Venture Partners, Four Rivers Group, MHS Capital and other existing investors also participated in the latest round. Karan Mehandru, General Partner at Trinity Ventures, will join the Board of Directors at Simply Measured.

  • Kirby Winfield

    Nice work Adam and team. Love seeing more big analytics biz coming out of the 206.

  • vbhagat

    Congrats on a huge raise. In-depth end user reviews of Simply Measured are available on TrustRadius – http://www.trustradius.com/products/simply-measured

  • http://twitter.com/chrisamccoy Chris McCoy

    Go get ‘em Adam and co!

  • Venuelabs

    We continue to hear great things about Simply Measured from our customers – congrats to the team!

  • Franck Nouyrigat

    way to go guys!

  • TingMoSing

    Sometimes man you jsut have to roll with the punches, thats all man.
    Anon-Works dot COm