RatePoint Inc., recently announced it has closed $6.5 million in
series A funding led by Prism VentureWorks and .406 Ventures.
The additional capital will be used to support product
development and spearhead sales and marketing initiatives for
the RatePoint Consumer Approval Program, the first
consumer-driven program that provides businesses with an
affordable, interactive quality-assurance certification and
customer feedback platform.
“The RatePoint Consumer Approval Program is a powerful vehicle
for consumers to easily, quickly and confidently express their
tastes and opinions,” said Jim Counihan, partner with Prism
VentureWorks. “The potential to extend RatePoint’s communication
platform into new markets is huge, as businesses of all kinds
look for new and cost-effective ways to better understand and
interact with consumers.”
RatePoint Inc. was co-founded by CEO Neal Creighton, EVP of
Business Development Chris Bailey, CTO Mike Rowan and VP of R&D
Kefeng Chen. Prior to founding RatePoint, all four executives
co-founded and held key positions at GeoTrust, the leading
provider of intelligent infrastructure services for Internet and
telecommunications networks, which was acquired by Verisign for
$125 million in September 2006.
“These are seasoned entrepreneurs with a track record of
bringing products to market that have direct consumer and
business impact,” said Larry Begley, Managing Director of .406
Ventures. “Their success with GeoTrust will enable them to
leverage an enormous network of channel partners and merchants
to introduce them to the power and potential of the RatePoint
Consumer Approval Program.”
“The same GeoTrust executive team that transformed e-commerce
for hundreds of thousands of Internet businesses by bringing
them greater security, is set to change the customer
relationship dynamics of e-commerce with the RatePoint Consumer
Approval Program,” said Neal Creighton, CEO of RatePoint, Inc.
“By replicating the successful business strategy of GeoTrust in
an even larger market, RatePoint will distribute its Consumer
Approval Program through established channels in order to give
consumers and businesses the insight, access and control they’ve
been waiting for.”
Founded in 2006, RatePoint, Inc. offers a powerful,
quality-assurance certification and customer feedback platform
for today’s growing businesses. Leveraging the latest in Web 2.0
trends, web content authentication and consumer ratings systems,
RatePoint, Inc. is revolutionizing the way businesses and
consumers define, identify and monitor quality. RatePoint, Inc.
was founded by the founders of GeoTrust, and is venture backed
by Prism VentureWorks and .406 Ventures.
For more information, please visit
www.ratepoint.com