Chicago – Sprout Social, a provider of social media
management tools for businesses, announced on Wednesday that it has raised $10
million in its second round of venture capital financing, led by New Enterprise
Founded in 2009, Chicago-based Sprout Social offers businesses an
application that can help manage their presences across Twitter, Facebook,
Foursquare, LinkedIn and other social media sites.
The company said it will use
the funds to fuel business development and product strategy.