# SelectMinds

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/selectminds

- Industry: Software
- Headquarters: New York, US
- Website: www.selectminds.com
- Total disclosed funding: $5M
- Latest round: Series A (Sep 21, 2007)
- Investors on record: 1

## About

SelectMinds is a company specializing in social media marketing solutions, providing software that enhances customer engagement across various platforms, enabling businesses to foster connections with their audiences effectively.SelectMinds, headquartered in New York, US, focuses on social media marketing software. The company was involved in a significant shift in strategy when it was acquired by Oracle Corporation in September 2012. The firm has raised a total of USD 5.00 mn through its latest funding round, Series A, led by Bessemer Venture Partners, reflecting a current valuation of USD 16.89 mn.SelectMinds offers software solutions for social media marketing that enhance customer engagement through various platforms. Their core products include social media engagement software and analytics tools that facilitate real-time communication, allowing businesses to interact with their audience and manage online feedback effectively. The user base spans across multiple industries such as retail, technology, and services, serving clients from small businesses to large enterprises across North America, Europe, and Asia.The company generates revenue primarily through subscription models for its software products, with clients engaging in both annual and monthly subscriptions. These subscriptions allow access to social media marketing tools that aid in managing and analyzing social media presence. SelectMinds offers tiered service levels, enabling clients to choose plans that suit their marketing needs, from advanced analytics for larger organizations to basic packages for smaller companies.SelectMinds is preparing to enhance its product offerings with new features planned for launch in the upcoming months, aimed at improving user engagement capabilities. The firm is also targeting expansion into additional geographic markets, with a focus on entering the Asia-Pacific region by the end of 2023. The recent funding will support these expansion efforts and product development, allowing SelectMinds to broaden its service offerings and enhance its market presence.

## Funding rounds

- Series A, Sep 21, 2007, $5M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A