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.