Today I am thrilled to announce that we have closed a very oversubscribed $3 Million Series A led by Kepha Partners with all our existing investors including our friends at General Catalyst Partners, NextView Ventures, 500Startups, Boston Seed, and angels participating.
This comes on the heels of our recent seed round that we closed a little over six months ago, and what an incredible few months it has been! In just the past 6 months, we have built a phenomenal team of 10 across engineering, product and marketing functions. We expanded our mission to beyond content sharing to power content discovery and consumption. We have worked with amazing companies like Google, forged close relationships with incredible advisors like Raymie Stata (former CTO of Yahoo, Inc), and our work has been covered by premier national & international press including Forbes, Advertising Age, Entrepreneur, The Boston Globe, Business Today, MediaPost, CNet, PCWorld, and GigaOm.
Earlier this year Shareaholic was named to MIT Technology Review’s annual TR35 India list as a company that will shape our future. This recognition further exemplified the importance of the groundbreaking work we’re doing and the hard problems we’re solving as we transform the way we all read, discover and share content on the web.
Today, through web browser extensions, open platform APIs, and one of the largest and fastest growing networks of content publishers, Shareaholic reaches over 270 million people across every continent each month. Or put another way, if Shareaholic was a country, it’d be the 4th largest country in the world!
Given our momentum and ambitions, the time was right to fuel up to further accelerate and support our product roadmap. Yes, we’re looking for more great people to join us! In the words of Dharmesh Shah, one of our earliest supporters — Closing a funding round is not value creation. It’s the *opportunity* to create value. We could not agree more. Raising capital isn’t THE accomplishment -– it’s what one does with it. And we’re already on our way. And we’re extremely hungry.
A HUGE thank you to our supporters and especially all our users for making all of this possible. We wouldn’t be anywhere without you, and we promise to continue to surprise and delight you with the best products we can deliver to you. We’re striving to build a product and a company that you love.