Socialware, an Austin, TX-based provider of social media compliance and engagement solutions, has secured $3m in additional funding.
Investors include existing backers FLOODGATE, G-51 Capital and Silverton Partners.
The company intends to use the new capital to expand its platform reach and capabilities to serve enterprises even in industries with the most demanding compliance standards.
Led by CEO Chad Bockius, Socialware helps enterprises and their employees engage, communicate and collaborate with clients, partners and one another on Facebook, Twitter and LinkedIn, efficiently navigating the record-keeping, suitability and supervision challenges associated with social media, as detailed in FINRA Regulatory Notice 10-06.
The company currently services nearly 100 customers, which include national insurance companies, independent broker dealers, wealth management firms, as well as major financial brands.