Raises $8.9 Million In Series B Financing

Popular URL shortening and analytics service has raised $8.9 million in Series B financing. This round of funding was led by AOL Ventures and RRE Ventures. Existing investors include Betaworks, O’Reilly Alpha Tech Ventures, Founders Fund, and SV Angel. Every day about 200 million short links are clicked on through Twitter and other services. Even though is no longer the default URL shortening service for Twitter, the traffic continues to grow for the service. currently has 17 employees and their first source of revenues came from Pro accounts. They signed up about 3,000 companies and 1,000 power Twitter users. is working with The New York Times on a project called, which is expected to launch soon. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
Leave a Comment