ArchiveSocial, a Durham, NC-based provider of social media archiving software for government agencies, law enforcement officials and K-12 school districts, received a $53m growth equity investment.
Level Equity, a growth equity firm based in New York and San Francisco, made the investment.
The company intends to use the funds to accelerate expansion of its platform.
Led by founder and Chief Executive Officer Anil Chawla, ArchiveSocial works with over 2,000 government and law enforcement agencies, school districts, and private companies to capture and archive information shared on social media, to comply with record-keeping regulations and mitigate risk related to social media. By connecting directly to the social networks, the platform ensures complete, authentic, and in-context records of social media communications.
The company, which recently surpassed the 2,000 customer benchmark, also announced the availability of Web Snapshots, an expansion to the core archiving platform which automatically captures visual snapshots and legal records of website content within a customer’s existing social media archive.