Livefyre Raises $15 Million in Series C Funding to Bring Social and Real-Time to the Rest of the Web
The Leading Enterprise Software Company Continues Its Rapid Growth With Brands and Publishers; Funding to Accelerate Release of New Social Products, Innovative Apps and a Developer Platform
SAN FRANCISCO, Calif., February 6, 2013-- Livefyre, the leading provider of real-time social media software for businesses, brands and media, today announced the closing of its Series C round of funding. The $15 million investment, bringing Livefyre's total funding to date to over $20 million, was led by U.S. Venture Partners (USVP) and included existing digital media investors Greycroft Partners, Cue Ball, HillsVen Group, and ff Venture Capital. The funding allows Livefyre to build on its aggressive growth, expanding to new markets and continuing its reputation of innovation for its existing and future customers.
"Livefyre gives brands and publishers the power to bring visitors back to their sites and build communities around their content," said Livefyre Founder and CEO Jordan Kretchmer. "Dozens of the world's largest media companies utilize our platform to turn their pages into real-time streams of social content. This funding will support the growth of our team and new technologies while we strive to maintain the high-quality talent and amazing culture that got us to where we are today."
"Livefyre is exactly the sort of social media opportunity we love," said Paul Matteucci, General Partner at USVP. "The Livefyre team has built a unique and flexible platform that addresses the needs of an impressive set of customers, who want to interact directly with the communities they build for their brands and content. By focusing on their customers' requirements, Livefyre is driving long-term revenue growth, while leading the next iteration of the social web."
Livefyre delivers StreamHub, its Enterprise SaaS platform, to leading digital publishers and brands, including FOX Entertainment, The New York Times, CBS, The Daily Beast, FOX News, AOL and NBC Universal. The platform includes engagement tools for sites such as live chats, live blogs, comments, a developer platform, as well as curation tools for aggregating content directly back to sites from across the social web.
In the short time since its founding in 2009, Livefyre has grown to become the centralized platform for social content across the web and beyond, with its network reaching more than 120 million people and delivering over 1 billion live content streams every month with 10 million registered users.
Livefyre customers increase user engagement around content, creating strong online communities. FOX Entertainment experienced a 10x increase in engagement around comments and social shares. While American Idol saw a 20x increase in engagement for their season finale using Livefyre to drive live conversations and social aggregation. Likewise, FOX Sports' Speed TV experienced a 9x increase in activity through a customized Livefyre solution.
For more information on how Livefyre can power your brand, visit: http://www.livefyre.com.
Founded in 2009 in San Francisco, California, Livefyre is the leading provider of real-time social software for businesses, brands, events and media companies.
Livefyre provides content creators with the tools and platforms they need to cultivate passionate and engaging user communities. From real-time conversations, to social interaction, Livefyre is the best platform for online social content. For more information, visit http://www.livefyre.com.
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