From HubSpot to DubSpot – Gearing up for an IPO
It is no secret that HubSpot, an all-in-one inbound marketing software solution, is IPO-bound. The six year-old company is growing aggressively and working hard towards operating “as if public” according to the HubSpot news blog.
Currently running at a $60 million annualized revenue rate, HubSpot serves more than 8,000 customers in 56 countries. “For 2012, we expect over $52M in revenue and we’re already doing over $5M per month now, setting us up for continued growth in 2013,” commented Mike Volpe, Chief Marketing Officer at HubSpot.
Raising over $35 million in a mezzanine round, a large number of institutional investors, including Altimeter Capital and Cross Creek Capital, have invested in HubSpot. “Our goal has always been to build a successful, enduring, independent company that transforms how the world does marketing,” said CEO and co-founder Brian Halligan. “This financing sets us up for big investments in hiring and acquisitions so that we can continue to change the way the world does marketing.”
Indeed, they have set out to change the world. For the first time ever, HubSpot is expanding; destination: Europe. In January 2013, the team will be opening a European Headquarters in Dublin, Ireland (affectionately know as #DubSpot)
Keep an eye out for HubSpot in DubSpot!