Great to see the two K(C)hris's together properly now! And another widgety company raises proper funding in the teeth of a finance meltdown, double cheers all round. Here they are in New York following Widgety Goodness earlier this year.
Social Widget Provider JS-Kit Raises $3.6M @ JS-Kit Blog
Ensures Continued Innovation & Stability for its Web Publishers
* JS-Kit is a leading provider of lightweight social widgets with over 550,000 registered sites using it's hosted offerings, which include: Comments, Ratings, Product Reviews, & Polls.
* The services are easy for publishers to install, simple to customize, and are an extremely low cost alternative to in-house development.
* Web publishers seeking stability now have a "safe choice" for Web 2.0 services.
* Funding has already enabled expansion of the development team to a dozen engineers, a quadrupling of the size of the data center, and the addition of industry visionary Chris Saad (Co-Founder DataPortability) as a Strategic Advisor.
* Series B funding was led by Altos Ventures, with participation from Series A Investor TEF3.
* Contact: khris@js-kit.com.
Today I am proud to announce that JS-Kit has closed a Series B funding round totaling $3.6M. The round was led by Altos Ventures with participation from our Series A investor TEF3.
I'd like to take this opportunity to thank the JS-Kit team for their unwavering commitment and hard work. I'd also like to thank our friends and partners who use JS-Kit on their sites and send us detailed feedback for improving the product — your passion fuels our motivation to continue delivering great products.
In just two short years, JS-Kit has delivered a range of widgets that make sites more functional by encouraging social interaction. We have been proud to be part of the social media revolution and look forward to taking things to the next level in the coming months and years.
To that end, this round of funding will be used for a variety of purposes.
An expansion of our development team has already begun. We are now at 12 engineers and plan to continue to grow that team to support our growing user base.
To support our growth, we will broaden our leadership and management team with several important additions. I am very pleased to share that Chris Saad (Co-Founder of the DataPortability Project, Media 2.0 Workgroup and APML) has joined JS-Kit as a Strategic Advisor to the company (read his post here). Other key hires are in process and will be announced shortly.
Thanks so much Ivan!
It was a pleasure meeting you and hanging out for drinks too :)
See you next time
Posted by: Chris Saad | October 17, 2008 at 12:21 AM