Venture backing from Inflexion, Village Ventures and Draper Fisher Jurvetson supports overwhelming demand from advertisers, publishers and partners.
Orlando, Florida (PRWEB) October 4, 2006 - PayPerPost, the leading marketplace for advertisers to reach bloggers, videographers, photographers, podcasters and social networks, today announced it has secured $3 million of venture capital. Florida-based Inflexion Partners led the Series A round, with Village Ventures and Draper Fisher Jurvetson (DFJ) participating.
PayPerPost is at the right place, at the right time, with the right platform. I've been involved with some fast growing companies and I'm buckling up for another fun ride.
The round, which will be used to support marketplace demand, expand marketing channels and engage interested partners, is the company's first outside financing. Dan Rua, managing partner with Inflexion Partners, and Michael Barach, general partner with Village Ventures, have joined the company's Board of Directors. Tim Draper and Josh Stein add domain expertise from DFJ investments in Overture, Technorati, TagWorld, Feedburner, and Skype.
"We're as excited about the experienced team members we've added as the dollars we have raised," said Ted Murphy, CEO of PayPerPost. "This group of venture capitalists understands the opportunity in the trenches and on a strategic level. We had a great set of funds asking to invest and were able to be selective. We are fortunate to secure a team who provides PayPerPost with the required capital, experience and relationships to expand our leading marketplace where advertisers and consumer content creators connect."
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