Shareaholic powers up with $3m for online content sharing

by digitalmediawi 0

Shareaholic, the provider of a platform for sharing and discovering online content, has raised $3 million in what the company said was an oversubscribed first round of funding.

Cambridge, Mass. – Shareaholic, the Cambridge-based provider of a platform for sharing and discovering online content, has raised $3 million in what the company said was an oversubscribed first round of venture capital funding, according to a new filing by the company with securities regulators.

The investment, from the likes of General Catalyst Partners, NextView Ventures and Kepha Partners, will be used to hire more staff and to further build out its technology.

Shareaholic reports that it reaches more than 270 million users per month via its suite of tools that include open platform APIs and analytics tools. It started out much smaller, as a Firefox browser add-on that won Mozilla Foundation’s 2008 Extend Firefox contest.

Part of this article was also published in New England Tech Wire. Chris Marlowe contributed to this story.

Related links:

Shareaholic – http://www.shareaholic.com

Shareaholic blog – Adding Rocket Fuel: Shareaholic raises oversubscribed $3 Million Series A

The Next Web – Shareaholic closes $3 million Series A after reaching 270 million monthly users

Mass High Tech – Shareaholic raises $3M in oversubscribed Series A round

TechCrunch – Shareaholic Raises $3 Million Series A Led By Kepha Partners For Sharing And Analytics Platform

Boston Business Journal – Shareaholic names former Yahoo CTO to advisory board

Photo by Flickr user TeamStickerGiant, used under Creative Commons license

 

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