Pearltrees Raises €1.3 Million ($1.6 Million) to Accelerate International Development

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Pearltrees, the social web curation tool, today announced that the Company has closed a €1.3 Million ($1.6 million) round of funding from European entrepreneurs and business angel investors based in France, Switzerland, Germany and England.

Users in Pearltrees have been growing at a rate of over 30% per month since the launch

Since the launch of the Pearltrees beta version in December 2009 at LeWeb in Paris, the leading-edge social curation tool has developed a strong community. “Users in Pearltrees have been growing at a rate of over 30% per month since the launch,” said Patrice Lamothe, CEO and co-founder of Pearltrees.
In order to accelerate the international development of Pearltrees, especially in the US, shareholders of the French start-up raised an additional €1.3 Million ($1.6 million), totaling €3.8 million ($4.6 million) to-date.

The Pearltrees Funding timeline is as follows:

  •     June 2008: €1 million $1.1 million
  •     June 2009: €1.5 million ($1.9 million) of which €320.000 is a State innovation grant
  •     June 2010: €1.3 million ($1.6 million)

Since last December, the growing community has pearled and organized nearly two million web pages. Pearltrees users select each others pearltrees as a way to follow the topics they care about. Everyone can now browse pearltrees created by passionate users on various subjects, including food, politics, media, arts, travel, music and countless others.
The most recent updates in Pearltrees include a feature which allows users to embed an entire pearltree on a website or within the body of a blog. Web masters or bloggers can now offer a real web tour about a particular topic to their visitors – all without leaving the blog. Pearltrees’ latest version turns any web user into a web curator.
Pearltrees plans to have incremental updates to its beta every month from July through the end of the year, with Version 1.0 to be released in Q4 of this year.

Why Pearltrees is Unique:
With the onslaught of information we’re being hit with online every day, it’s impossible to keep up with content and even harder to discover or curate that content into something that is meaningful and relevant. Combining the best in curation, organization and discovery, you can use Pearltrees to quickly save and access online content you find every day, discover new content from others who are interested in similar topics and ideas, and drive people to your world of interests.

About Pearltrees:
Launched in December 2009 at LeWeb, Pearltrees is a web social curation tool. Combining the best in curation, organization and discovery, Pearltrees’ user-friendly platform allows you to organize your online interests. As the first collaborative Interest network, users not only create, organize and access content on the web of interest, but they quickly discover other users with similar tastes and passions. Pearltrees allows you to have the things you love at your fingertips, whether it be politics, social media, personal hobbies or business. The Company was recognized by OSEO in Europe as a “leap forward” and was selected as one of only five companies for Web 2.0 Launch Pad at Web 2.0 Expo in 2010. For more information, visit: http://www.pearltrees.com and follow along on Twitter @pearltrees.

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Renee Blodgett
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