Falcon Social, a Copenhagen-based social management platform, raised EUR 6 million or USD 8 million in its Series A funding round. Target Partners led the round. Existing investor NorthCap Partners also participated. Falcon Social said it intends to use the funds to hone its technology platform. Falcon will also be using the capital to accelerate its expansion and marketing worldwide.
In April, Falcon Social was awarded the 2013 Red Herring Top 100 Europe. It was also voted as one of the top four companies in the European Venture Contest held in Berlin last year. In 2012, Falcon successfully signed Deutsche Telekom AG, Warner Music, Swarovski, First Hotel Group and Orangina Schweppes and other major accounts. It also had tripled its workforce.
Falcon Social CEO Ulrik Bo Larsen said he is proud that Target Partners has become a partner. "We have seen great interest from investors in this round and this reinforces our clients' belief that we are doing something extraordinary in terms of innovation and completeness of vision in this new enterprise software category," he said.
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