ShareThis is an article-sharing widget company that raised about $15 million in funding this past March. ShareThis is a social bookmarking tool that is similar to Digg. It was recently announced at the TechStars Demo Day that ShareThis is most acquiring MadKast.
MadKast has a strong team of developers and the technology behind the company is impressive. MadKast makes it easy to share blog posts through SMS and e-mail. MadKast raised $300,000 in October 2007 from EONBusiness Venture Capital.
Although they cannot discuss the deal quite yet, MadKast stated that they will have an official word soon on their blog.
“I view our major competition as copy and paste,” stated Tim Schigel, CEO of ShareThis.
ShareThis is a tool for web browsers to share the web sites with social communities around the web. The company is led by Tim Schigel as the CEO, who spent the last 10 years investing in technology companies through Blue Chip Venture Company. ShareThis released their popular button on November 7, 2007. Since then they have been generating over 100 million page views and 26 million unique users per month.
Draper Fisher Jurvetson announced yesterday that they have plugged in $15 million Series B in ShareThis. ShareThis’ headquarters are located in Cincinnati, OH and has offices in San Francisco, Calif. ShareThis’ Series A was $6 million provided by Illinois Ventures and Blue Chip Ventures.Â
ShareThis allows users to submit stories to social networks like Reddit and Facebook. And now that MySpace has recently opened up their APIs, users can now submit stories through ShareThis onto their MySpace profiles.
