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SOCi Inc. Raises Additional $2.25 Million in Financing

SOCi Inc., a local social media content marketing company, raised $2.25 million to expand its sales verticals and innovate its platform. This funding is in addition to the $1.5 million the company raised in its Series A round.

According to the company’s release, new investors include Facebook’s Doug Hecht and venture capital fund GrowthX. Repeat investors include Trevor and David Klein, co-founders of AutoAnything (acquired by AutoZone), and Asaf Benheim, founder of iMatrix (acquired by Internet Brands).

SOCi will use the additional funds to bring a more scientific and scalable approach to social media management for enterprises, multi-location brands, franchises and digital agencies.

SOCi, founded in 2012, uses social marketing on Facebook, Twitter, LinkedIn and Google+. It launched in early 2015 and has since grown from five partners to 85 partners. The company added 20 new employees this year and continues to hire in 2016.

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Some of its well-known customers include Yellow Pages, Rhino Linings and Little Caesars, as well as 40 percent of the National Multifamily Housing Council’s 50 largest apartment managers.

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