DFJ Shares $15 Million With ShareThis

Posted Mar 14, 2008

“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. 

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.

[Information Source: Wired]