8th December 2011

SendtoNews Closes 1 Million Angel Round

sendtonewsCloud-based news platform SendtoNews.com is pleased to announce that it has closed a $1 million financing round from angel investors led by Elton, Adrian and Myron Pereira & Don Wharton, all Co-Founders at ParetoLogic Inc. The funds are targeted to accelerate North American expansion out of its offices in Victoria, San Francisco and New York.

“This round of angel financing will allow us to grow our team, aggressively increase our sales and marketing efforts into the sports event marketing and advertising industries, and continue to innovate and scale our technology to keep pace with the rapid adoption of our cloud-based news distribution platform,” said new CEO Greg Bobolo.

The ability of SendtoNews to distribute sporting event highlights for large-scale exposure on web and television presents revenue opportunities in one of the fastest growing segments of a $475 billion global advertising market.

This entry was posted on Thursday, December 8th, 2011 at 8:07 am and is filed under Business News, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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