Social media aggregator Stackla receives $2m investment to accelerate US and UK expansion
Sydney-based social media aggregator Stackla has received investments totalling $2m which the company says will accelerate its expansion plans in the US and Europe.
In its first round of funding, venture capital fund Rampersand and a consortium led by former Yahoo and NineMSN executive Tony Faure and businessman Grant McCarthy, have invested in the Sydney start-up. Faure was this month named as Stackla chairman. He is also chair of youth-focused publisher The Sound Alliance and Torque Data and Pollenizer.
Other investors in the consortium include Business Spectator editor-in-chief Alan Kohler and Sam Mackay, chairman of stationary and gift brand kikki.K and former chief executive of skin care firm Jurlique.
Stackla was founded in 2012 by Damien Mahoney and Peter Cassidy and enables brands to collate all mentions they receive on social channels and showcase them online. The company lists around 300 clients including Qantas, Adidas, McDonalds, Toyota, Shell and Manchester United.
