ShareThis Raises $15 Million

ShareThis, a San Francisco-based provider of online content sharing solutions, has raised $15 million in Series B funding led by Draper Fisher Jurvetson. The company had raised a $6 million Series A round last year from firms like Blue Chip Venture Co., Illinois Ventures, DFJ Mercury, Queen City Angels and RPM Ventures. ShareThis CEO Tim Schigel previously was a venture capitalist with Blue Chip.

PRESS RELEASE

ShareThis raised a $6 million Series A round in 2007 with investors including: Blue Chip Venture Company, Illinois Ventures, DFJ Mercury, Queen City Angels and RPM Ventures. ShareThis's CEO, Tim Schigel, led Blue Chip's investment in ShareThis. Such was Tim's belief in the potential for the company and in the market for sharing content online, he left the world of private equity after almost 10 years of high-profile success, to join ShareThis as CEO.

ShareThis, the company that makes online sharing easy, today revealed that it has raised a $15 million round led by Draper Fisher Jurvetson (DFJ) to support the rapid adoption and usage of its market-leading sharing service.  ShareThis simplifies social media services by consolidating address books so that anything can be shared easily and seamlessly, without even leaving a webpage.  ShareThis'  one-click sharing button enables sharing and viral distribution of content across social networks, affiliate groups, news sites, blogs, photo sites, communities and more.

Within four months from its November 2007 launch, ShareThis has already demonstrated impressive usage with adoption of the ShareThis button growing at over 50% each month. While ShareThis already offers unparalleled integration with the leading social networks, email, IM, and mobile, the new investment will now allow ShareThis to accelerate the roll-out of new services to the thousands of publishers who deploy the ShareThis button on their sites.  The company will also increase the number of social media services across which it allows consumers to share content and will extend the media platforms across which content can be distributed across.

ShareThis' popularity is driven by the fact that it is the simplest, yet the most comprehensive way to easily and spontaneously send, post, bookmark, rate, recommend and tag online content. ShareThis is also the preferred sharing option across leading blogging platforms including Blogger, WordPress, and TypePad.

“We invested in ShareThis because we believe that social media is fundamentally about sharing,” said Emily Melton, Director at Draper Fisher Jurvetson. “ShareThis has made sharing so simple that publishers and consumers are driving the use of the ShareThis button at an incredible rate.”

“We are delighted to announce Draper Fisher Jurvetson as one of our main investors. Their track record in backing companies that have changed markets is outstanding,” noted Tim Schigel, CEO of ShareThis. “Our vision is to change the way that people share things online, by making it possible to share any way you want, without even leaving the webpage you're on. This investment, and the growth we're experiencing, is proof that there is great demand for simple sharing solutions.”  

About ShareThis

With the click of one button, ShareThis is the easiest way to share things online. ShareThis imports address books so that anything can be shared immediately, without even leaving a webpage.

ShareThis raised a $6 million Series A round in 2007 with investors including: Blue Chip Venture Company, Illinois Ventures, DFJ Mercury, Queen City Angels and RPM Ventures. ShareThis's CEO, Tim Schigel, led Blue Chip's investment in ShareThis. Such was Tim's belief in the potential for the company and in the market for sharing content online, he left the world of private equity after almost 10 years of high-profile success, to join ShareThis as CEO.

ShareThis's exceptional management team comprises industry leaders with experience gained within international media, marketing and technology companies including: Advertising.com, AOL, and Nielsen Buzzmetrics.