TopTenReviews, an Ogden, Utah-based provider of expert tech and entertainment reviews, has raised $6 million in Series A funding. Backers include Highway 12 Ventures and Village Ventures.
TopTenREVIEWS, a Utah-based technology company, announced today its plans to expand its online review site and increase its workforce. Through an introduction made by Utah‘s Fund of Funds, a state economic development program, the company received $6 million from venture capital firms Highway 12 Ventures and Village Ventures. TopTenREVIEWS.com is a comprehensive review site providing consumers with side-by-side product and pricing comparisons to help them research, shop and purchase technology and entertainment products and services.
“We are impressed with TopTenREVIEWS‘ continued growth and future market potential, and we‘re committed to supporting companies with strong entrepreneurial management teams,“ said Bo Peabody, managing general partner, Village Ventures.
“TopTenREVIEWS is a perfect example of how Utah‘s Fund of Funds can help encourage economic development,“ said Mark Solon, co-founder and managing partner, Highway 12 Ventures.
The capital investment could result in up to 100 new technology jobs with the company. The funding will ensure the growth of TopTenREVIEWS, a leading technology company based in Utah. The company plans to implement its aggressive growth strategy throughout the next 18 months.
The investment in TopTenREVIEWS builds on the success of the initially self-funded company‘s vision to change the way consumers shop for technology and entertainment products and services by providing helpful, accurate and unbiased reviews and resources.
“Highway 12 Ventures and Village Ventures‘ investment supports our belief that TopTenREVIEWS is filling a consumer need,“ said TopTenREVIEWS‘ Founder and CEO Jerry Ropelato. “Today is a significant day in our company and in the growth of technology businesses in our state.“
Jerry Ropelato founded TopTenREVIEWS in 2003 in an effort to educate parents, starting with its first review on Web filtering software and growing to more than 4 million Web pages of content in more than 225 categories.
TopTenREVIEWS.com is committed to providing consumers with the comprehensive and objective information they need to save time, money and find the products that best fit their needs.
TopTenREVIEWS is a trusted review Web site, featuring expert reviews of technology and entertainment products and services. TopTenREVIEWS.com provides free access to in-depth reviews, side-by-side feature comparisons, industry-related news, articles and qualified links related to software, hardware, movies, music, video games and Web services. The site has reviewed more than 225 categories of products and services with more than 4 million Web pages of content. TopTenREVIEWS ranked No. 3 on the Rising Star list of Deloitte‘s 2006 Technology Fast 500. For additional information, visit www.toptenreviews.com.
TopTenREVIEWS and TopTen are trademarks of TopTenREVIEWS Inc. All other names are used for identification purposes only and may be trademarks of their respective owners.
About Highway 12 Ventures and Village Ventures
Highway 12 Ventures is a leading early-stage VC fund investing in high-growth, entrepreneurial companies in the Intermountain West states of Idaho, Utah, Montana and Colorado. With over $100 million under management, it is Idaho‘s largest venture capital firm. Highway 12 Ventures is part of the Village Ventures nationwide network of venture capital funds. For more information call (208) 345-8383 or visit www.highway12ventures.com.
Village Ventures is an early stage venture capital firm focusing on three primary sectors: consumer and media, healthcare and financial services. With its nationwide network of 13 early stage venture capital funds, the firm identifies investment opportunities in emerging domestic markets, partnering with exceptional entrepreneurs to create compelling and innovative companies. For more information visit http://www.villageventures.com.