Wednesday, June 11, 2008

WidgetBucks Secures $10 Million Investment to Expand Ad Widget Network

We're very pleased today to announce that WidgetBucks has secured $10 million in Series B funding.

The investment was led by Draper Fisher Jurvetson, one of the world’s premier venture capital firms. Ignition Partners, which supplied the company’s original venture backing, also participated in the financing. This investment really allows us to expand our vision as an ad network, which will only mean great things for our publishers.

We plan to put greater resources into our YieldSense technology to further optimize your earnings and simplify your ad serving decisions. We also plan to build more revenue options around our ad widgets, including more ways to monetize international traffic and increase the number of ad model options for you. And finally, we'll continue innovating around ad design and content for those ads, creating things such as mash-up ads with a choice of content feeds within the same widget. Expanding our team is also a priority, particularly around engineering, sales and support.

According to Bill Bryant (pictured at left), startup veteran and venture partner at DFJ, the investment decision in WidgetBucks was simple. “DFJ invests in companies that are bringing disruptive technology to major sectors of the Internet economy. We love what WidgetBucks has built around its ecommerce platform. While the recent growth has been phenomenal, what we invested in is the promise to truly transform performance-based advertising for publishers.”

Since launch in October 2007, WidgetBucks has had rocket-ship growth, and your participation as a publisher has brought us to this successful milestone. We just surpassed 5 billion total ad widget impressions, and July is projected to be our first 1 billion impression month.

Again, we appreciate your participation in our program. As our ad network continues to "season" and mature, we look forward to expanding your earning potential.

Click the YouTube logo to see a video message from myself and CTO & Co-Founder Greg Harrison. Also read our full press release here.

Matt Hulett
CEO, WidgetBucks

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