GetGlue said in a blog post it closed a $12 million round of financing led by Rho Ventures and joined by existing investors TimeWarner Investments, RRE Ventures, and Union Square Ventures. The social TV company also said it reached the 2 million user milestone and saw more than 100 million check-ins in 2011.
GetGlue Raises $12M in new financing, Reaches 2M users milestone
by Alex on January 11, 2012
We are pleased to announce that GetGlue closed a $12M round of financing led by Rho Ventures, and with participation from our existing investors: TimeWarner Investments, RRE Ventures, and Union Square Ventures. This is a major event for GetGlue, a big vote of confidence from investors, and a huge opportunity to continue to play a defining role in the Social TV space.
This financing follows a year of strong growth for GetGlue. We reached the 2 million user milestone and saw more than 100 million check-ins in 2011. GetGlue database now contains 350 million check-ins, ratings and reviews. In the television space, 75 major networks in the US and UK have used GetGlue to reward fans of 680 different shows. We’ve also been honored with significant industry rewards, including Mashable’s ‘Breakout Startup of the Year.’
GetGlue data is now routinely used by major media to report on Social TV trends. To recap the year that’s been, exclusively for this announcement, we’ve created an expanded [INFOGRAPHIC] showing Social TV Trends on GetGlue in 2011. Also in time for this announcement, we released a significant update to our iPhone app and GetGlue.com. The updates include a visual stream of check-ins, the ability to participate in multiple conversations, and a personalized recommendation feature called Guides.
We are very excited about this financing and have big plans for 2012 and beyond. We are working on building a more personalized, media-rich second screen experience for phones, tablets, and GetGlue.com. We are also making a big investment into our platform and looking forward to enabling check-ins from more third-party applications and websites.
Thanks for checking-in and we look forward to creating awesome second screen experiences together!
p.s. Want to help build GetGlue? We are looking for talented engineers, product, and business people to join our team.