Now, Everyone Can Share with ShareThis
New company advances internet sharing with $12m in capital from Series B venture capital funding
With all of the complex on-line communications occurring worldwide, one recent startup company has found a way to simplify.� ShareThis, a privately owned, consumer internet company markets a universal sharing platform that makes it easy to access and share all profiles, blogs, friends and contacts throughout the web.� According to ShareThis, the ShareThis button has been installed by over thousands �generating over 100 million views per month� from over 26 million unique users monthly.
Launched November 7, 2007, ShareThis eliminates the need to cut and paste paragraphs and links between web pages.� Also called a sharing network, ShareThis is a unique sharing tool for users; users can easily access and share their contacts and networks from anywhere online through a click of a button.� �Data can be shared among e-mail, Facebook, Digg, mobile SMS, without leaving the current web page.� In one application, use of the ShareThis Button can drive traffic, stimulate viral activity and track the sharing of online content.� In another application, ShareThis can help bloggers, publishers and content providers �expand their audience base�.� In a social application, ShareThis can minimize the clutter on web pages by sharing content across social networks, affiliate groups and communities.
In 2007, ShareThis raised $6 million dollars in capital in �Series A Round� venture funding from such high-profile investors including: Blue Chip Venture Company, Illinois Ventures, DFJ Mercury, Queen City Angels and RPM Ventures. Blue Chip Venture Company, a private equity firm, led in Sharethis� investment funding at that time.�� More recently, ShareThis secured $12M dollars in capital in �Series B� investments from Draper Fisher Jurveston.
With offices in the San Francisco Area and in Cincinatti, ShareThis boasts a well developed management team of venture capitalists and internet experts.� In fact, CEO and co-founder Tim Schiegel was previously associated with Blue Chip Venture with a successful tenure of almost 10 years. �According to ShareThis, Mr. Schiegel moved to start up ShareThis based on his strong belief in the potential of the ShareThis product and company. ShareThis� team of 23 employees also includes diverse talent and experience from successful organizations such as Advertising.com, LinkedIn, Google/YouTube, Amazon, AOL, IAC, and Yahoo!
Recently, ShareThis was the winner of the 2009 OnMedia Award; an award given to private, emerging technology companies in the marketing, advertising, publishing, public relations and branding spaces. This internet award was based on ShareThis� positive demonstration of growth, market opportunity and quality of innovation. ShareThis was also selected as the Blogger�s Choice and Peoples Choice for Best Blog Plug-in in Mashable.com�s 2008 Open Web Awards.
In September of 2008, ShareThis acquired Madkast.com an Ohio-based widget business.� In February of 2009, ShareThis entered a partnership with Exact Target, a leading provider of on-line email and marketing services. �Competitors include India-based SocialTwist Services, Addthis, and Add to Any. �