Sailthru Announces $8 Million in Venture Funding
September 20, 2011
The entire crew here @ Marigold Engage by Sailthru, thrilled to announce some big news!
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.
Marigold Engage by Sailthru, revolutionizing the way our clients communicate and engage with their customers. We are very excited about this new chapter in our growth!
Our Series A round of financing was led by RRE Ventures.Participants in the round included AOL Ventures, DFJ Gotham Ventures, Hatteras Funds, Lerer Ventures, Pilot Group, and Thrive Capital. All except Hatteras Funds, participated in the seed round.
Sailthru will use the funds to scale, hire (We’re hiring!), and expand sales categories.
All of us would like to thank you for your support and patronage as we continue to innovate and build the next generation of communication platforms!
Get more details from our friends at Business Insider
Here is the official press release:
SAILTHRU ANNOUNCES $8 MILLION IN VENTURE FUNDING
TO FUEL EXPANSION IN E-COMMERCE, FLASH SALE & PUBLISHER MARKETS
RRE Venture Leads Series A Funding Round to Expand Business, Continue Service Development and Drive Innovation
New York, NEW YORK – September 20, 2011 – Marigold Engage by Sailthru, the only company that automatically tailors email, web and advertising content to every unique user, today announced that it received $8 million in Series A financing led by RRE Ventures; the firm also contributed to Sailthru’s seed investment. Other participants in the round included AOL Ventures, DFJ Gotham Ventures, Hatteras Funds, Lerer Ventures, Pilot Group, and Thrive Capital. All except Hatteras Funds participated in the seed round. This investment brings the company’s cumulative financing to $9 million.
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 increase revenue by delivering users highly relevant, personalized content via email, the web or advertising channels.
“Merchants and online publishers have long struggled with issues of engagement, retention and maximizing the revenue generated by each visit to their properties. Marigold Engage by Sailthru’s technology enables its customers to create individual offerings, both online and via email, using data science and analysis to consider the preferences and circumstances of each individual visitor to a site,” said Eric Wiesen, General Partner at RRE Ventures. “The platform helps customers maximize engagement and deliver messages at key times based on a user’s individual stream of activity. It is of huge incremental value to both publishers and ecommerce merchants.”
Sailthru focuses on perfecting the user experience. Content is automatically and continually tailored to the user based on their every interaction with the publisher or ecommerce company whether via email, mobile, website or advertising. When companies understand the interests and behaviors of their customers down to the individual level, they can present content users want to receive, and that will deliver higher, prolonged and more frequent engagement.
“Our goal from day one has been to help companies create a unique experience for each and every user that encourages continued engagement,” said Neil Capel, CEO of Sailthru. “As such, Marigold Engage by Sailthru’s technology helps brands build better, longer lasting relationships with users, and cultivate infinite customer lifetime value.”
Launched in 2009, Marigold Engage by Sailthru, the only company that automatically tailors email, web and advertising content to every unique user. Marigold Engage by Sailthru’s technology lets publishers and e-commerce companies communicate directly to the individual user and deliver highly-relevant, personalized content through a number of channels. As users actively participate in the process their behavior provides insight to create an experience that is even more personal and engaging. Additionally, companies are able to tailor new content (articles, offers, etc.) to the specific user which encourages an ongoing, profitable relationship between brand and customer. Well-known companies like AOL/Huffington Post, Betaworks, Business Insider, Daily Beast/Newsweek, Fab.com, FlavorPill, the New York Observer, Oscar de la Renta, Oyster.com, Thrillist, and Turntable.fm currently use Sailthru to increase revenue generated by their subscriber lists and site visitors. New York-based Marigold Engage by Sailthru, backed by AOL Ventures, DFJ Gotham Ventures, Hatteras Funds, Lerer Ventures, RRE Ventures, Pilot Group, and Thrive Capital.
Horn Group for Sailthru
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