TechCrunch broke the news that Clearspring Technologies, which runs the wildly popular AddThis.com has just secured another $20 million in funding. While many people haven’t heard of Clearspring or AddThis.com – there is a good chance you’ve used this when retweeting a blog post or sharing some content with your buddies on Facebook.
This is just another example of a Social Media-related Start-up getting big bucks from venture capital. It seems like the Social Media space is almost unstoppable when it comes to raising money and this brings AddThis.com’s total capital raised up to $58 million. The company was started just three years ago and is currently adding 4-5 employees/month.
Of course when your software is integrated into over 9 million websites it’s easy to see how big growth can be achieved. The company expects to triple it’s revenue this year and with another $20 million I wouldn’t be surprised if they do!
As a Domainer it’s always great to see a domain name put to good use rather than sitting parked collecting dust. Congratulations to Clearspring and here’s to yet another successful Social Media start-up using a short, memorable domain.