Apparently, being cash flow positive in little more than half a year is a decent enough track record to land a huge funding round. Such is the case with Sailthru, a targeted content provider founded in 2009. The currently 30-person startup has been blessed with a hefty $8 million from a who’s who in the VC community.
Pitching in are RRE Ventures, Pilot Group, Thrive Capital, Lerer Ventures, Hatteras Funds, DFJ Gotham Ventures, and AOL ventures. Quite a list!
To commemorate the event, Sailthru released a glowing blog post. A part of it read:
We’ve officially closed our Series A funding. We’ve all been working extremely hard to provide our clients with the most powerful and advanced communication platform and we really appreciate so many innovative and successful companies partnering with us.
Salthru have already earmarked some of the funds for expansion. The official press release reads:
The company plans to use this latest round of funding to fuel the growth in the e-commerce, flash sales and publisher markets, as well as add staff and invest in continued innovation. Since Sailthru’s launch in 2009, the company has helped major brands such as AOL/Huffington Post, Betaworks, Business Insider, The Newsweek Daily Beast Company, Fab.com, FlavorPill, the New York Observer, Oscar de la Renta, Oyster.com, Thrillist, and Turntable.fm…
It’s true. This early in the game, Sailthru’s targeted content expertise via ads and email has earned it a coveted clientèle. Congratulations to the team.
Via: Business Insider