We are thrilled to add OneSpot to our portfolio. We believe this is a disruptive technology that has the potential to create economic value for millions of smaller publishers and businesses.
Austin, TX (PRWEB) February 9, 2009
OneSpot, the Web Content Curation Company, today announced that it has closed a $4.2 million round of funding led by Dallas-based Silver Creek Ventures. The company plans to use the round to dramatically expand the reach of its subscription-based Web service, which intelligently aggregates, filters, and prioritizes millions of pieces of content every day for vertical media audiences. Web publishers and editorial staff use OneSpot to discover, curate and share the Web's best targeted, vertical content to drive traffic, audience engagement and ad monetization.
"OneSpot has a proven solution that has already delivered substantial value to some of the world's largest and most influential media sites," said John Adler, General Partner at Silver Creek. "We are thrilled to add OneSpot to our portfolio. We believe this is a disruptive technology that has the potential to create economic value for millions of smaller publishers and businesses."
In conjunction with the funding, Adler will join OneSpot Founder and CEO Matt Cohen on the company's Board of Directors. OneSpot also announced the addition of Brett Hurt, CEO of social commerce market leader Bazaarvoice, to the Board. Existing investors participated in the round, including Mike Maples, former Executive Vice President of Worldwide Products at Microsoft.
The OneSpot service, available on a subscription basis, monitors hundreds of thousands of Web sources, finding and linking to the Web's best content for a publisher-specified audience. Publishers maintain control over what is ultimately shared with their audiences, and can choose from delivery formats including a widget, webpage, RSS/Atom feed, or email newsletter. This new model for Web publishing allows for the delivery of significantly higher volumes of high quality content output.
"We have built an industrial strength solution that breaks the biggest bottleneck in web publishing, the ability to discover, curate, and flexibly deliver high volumes of exceptional quality content for vertical audiences," said Matt Cohen, OneSpot Founder and CEO. "With this investment and the strong leadership we've added, Onespot is well positioned to dramatically extend the reach of our value proposition."
OneSpot allows anyone to discover, curate and publish the best Web content for targeted online audiences. The company's patent-pending Publishing-as-a-Service™ platform provides a fundamentally new and better model for media sites, traditional publishers, business brands and bloggers to leverage third party content that drives site traffic, audience engagement, SEO performance and email response rates. OneSpot was founded in 2006 by online news media pioneer Matt Cohen. The company is headquartered in Austin, TX. For more information on OneSpot, visit onespot.com.
About Silver Creek Ventures:
Silver Creek is an early stage investment firm focused exclusively on early stage information technologies. For over 20 years, they have helped entrepreneurs build market-leading companies in the data networking, semiconductor, software and communications fields. silvercreekventures.com.