PromoJam Receives $1.2 Million Series A Financing Led by Golden Seeds
LOS ANGELES, March 22, 2012 /PRNewswire/ -- PromoJam (www.promojam.com), a leading enterprise social marketing technology platform, announced today that it has received $1.2 Million Series A financing led by NYC based investment firm Golden Seeds and joined by a group of investors including Silicon Valley's Band of Angels. The investment will fuel the growth of PromoJam's successful multi-platform social marketing software, and continue the expansion of the company's sales and marketing departments.
Founded in 2008, PromoJam's robust technology dashboard provides businesses with a full suite of tools to easily build, launch, and track social media promotions online and on the mobile phone. PromoJam's cross-platform technology enables marketers to build promotions that launch across multiple social networks at once including Facebook, Twitter, Tumblr, LinkedIn, Foursquare and MySpace.
Since its launch, PromoJam has served promotions to over 10 million users, increased revenues annually, and has amassed an array of blue chip clients including: NBCUniversal, Clear Channel Radio, Hearst Publications, HitFix, Rock The Vote, Expedia, Avon, Warner Brothers Music Group, Blackberry, Paramount Pictures, The North Face, and Rihanna.
"We're dedicated to building innovative technology that helps brands interact with their customers on social networks, driving insights, virality and results," said Matt MacNaughton, CEO and Co-Founder of PromoJam. "This round of financing will allow us to innovate faster and develop more cutting-edge tools for the modern marketer."
"As the third most active angel group in the US, Golden Seeds is dedicated to making investments that fuel the growth of exceptional companies. PromoJam is on a powerful trajectory, and we are proud to add them to our portfolio of women-founded companies," said Sara Weinheimer, Managing Director of Golden Seeds who will join the PromoJam board of Directors.
About PromoJam: PromoJam is a leading enterprise Social Marketing Technology Platform that provides businesses with a full suite of tools to easily build, launch, and track social media promotions across multiple social networks, both online and on the mobile phone. PromoJam is dedicated to building innovating technology solutions that help people connect in new and engaging ways. http://www.promojam.com/
About Golden Seeds
Golden Seeds is an investment firm dedicated to delivering above market returns for investors through the empowerment of women entrepreneurs. Its member angel network, consisting of 240 men and women nationwide, is the fourth largest in the US. Golden Seeds Fund II, an investor in PromoJam, closed in December.
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