New Delhi & Boston based Shareaholic Raises $2mn from General Catalyst, Dave McClure
Shareaholic, the New Delhi and Boston based company that makes content-sharing on the web faster and easier has announced that it has eclipsed 250 million visitors to its services and landed $2 million in fresh funding from an all-star lineup of investors including General Catalyst Partners, NextView Ventures, Dave McClure of 500 Startups, Nicole Stata of Boston Seed Capital, Edward Roberts of the Massachusetts Institute of Technology (MIT), and others to fuel its momentum. The company had previously raised $355,000.
Founded in 2008, Shareaholic began as a nights-and-weekends project for founder and CEO, JayMeattle (of Compete.com success) – has grown Shareaholic from a “nights and weekends” project to a fast-growing 8-person company with more than 250 million users.
About two million people have downloaded Shareaholic’s browser plug-in, which enables content sharing through services like Facebook, Twitter, Google Plus, Tumblr, or plain old e-mail. Through over 200,000 websites that use Shareaholic’s tools, the company says it reaches over 250 million unique users each month making it one of the largest networks of long-tail site owners.