An All-Star Lineup of Investors Pour $2 Million into New Delhi & Boston based Shareaholic, Inc.
Shareaholic makes sharing easy for over 250 million people each monthShareaholic, the New Delhi and Boston based company that makes content-sharing on the web faster and easier has announced that it has eclipsed 250 million visitors to its services and landed $2 million in fresh funding from an all-star lineup of investors including General Catalyst Partners, NextView Ventures, Dave McClure of 500 Startups, Nicole Stata of Boston Seed Capital, Edward Roberts of the Massachusetts Institute of Technology (MIT), and others to fuel its incredible momentum. The company had previously raised $355,000.
Founded in 2008, Shareaholic began as a nights-and-weekends project for its young entrepreneur founder and CEO, JayMeattle – of Compete.com success – has grown Shareaholic from a “nights and weekends” project to a fast-growing 8-person company with more than 250 million users.
Today Shareaholic is a leader in making content sharing on the web faster and easier while making it simple for web publishers to measure the effectiveness of their content, analyze what and how their content is being shared on the web, and drive even more visibility, traffic, leads and views to their content. Shareaholic’s basic services are free, but advertisers must subscribe to get access to targetable audiences based on interest and intent signals mined from users viewing habits, what and who they share with, and how influential they are.
Shareaholic founder Jay Meattle, says “We weren’t even thinking about raising additional capital a few months ago, but our momentum started attracting a lot of inbound venture capital interest in the company.” About two million people have downloaded Shareaholic's browser plug-in, which enables content sharing through services like Facebook, Twitter, Google Plus, Tumblr, or plain old e-mail. Through over 200,000 websites that use Shareaholic's tools, the company says it reaches over 250 million unique users each month making it one of the largest networks of long-tail site owners. Investors took notice.
“This fresh capital infusion will enable us to lay a solid foundation for building the next big game changing internet company inNew DelhiandBoston, by scaling our team and resources aggressively to expand on our current traction and incredible growth curve even faster,” says Meattle. “We are hiring across the board with an emphasis on engineering. Given our massive scale and reach of over 250 million users, we generate many terabytes worth of data, and are the very definition of a big data company operating at scale. Our market opportunity is massive.”
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