YCOMBINATOR STARTUP DOUBLERECALL RECEIVES $1.6 MILLION IN SEED FUNDING FOR PAYWALL ALTERNATIVE TECHNOLOGY : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

YCOMBINATOR STARTUP DOUBLERECALL RECEIVES $1.6 MILLION IN SEED FUNDING FOR PAYWALL ALTERNATIVE TECHNOLOGY

February 13, 2012

YCOMBINATOR STARTUP DOUBLERECALL RECEIVES $1.6 MILLION IN SEED FUNDING FOR PAYWALL ALTERNATIVE TECHNOLOGY

New York, NY (RPRN) 02/13/12 — DoubleRecall, Inc., the YCombinator (YC) backed startup that replaces paywalls with simple, Captcha-like messages, today announced it had received $1.6 million in funding from investors in Silicon Valley.

The company launched its fundraising efforts at YCombinator Demo Day in August, and closed the year with revenue of $300,000.

Investors include YCombinator, Start Fund, SV Angel, Digital Garage, Itochu Ventures, Mentor Equity and TEEC Angel.

Campaigns ran over Q4 of 2011 using DoubleRecall’s technology showed: An 82% engagement rate vs. 1-3% on paywalls; An average Click Through Rate of of 3.6% vs. 0.01% on banners; and An average 11x higher brand awareness vs. banners.

"We are excited to get this vote of confidence from a group of excellent, knowledgeable investors,” said Robert Farazin, CEO of DoubleRecall. “Our preliminary campaigns prove that DoubleRecall offers a simple, innovative way to turn your content into a revenue generator, making the whole content ecosystem happier. Advertisers know what they are paying for, publishers monetize better and readers don’t have to fight a paywall to access their favorite content.'

DoubleRecall opened its headquarters in New York City in February and is currently hiring. DoubleRecall already has an established presence in Japan and Europe.

About DoubleRecall

DoubleRecall is a new brand advertising platform for the web. It helps publishers provide great content without a paywall, while making even more revenue. DoubleRecall also simply and unobtrusively allows advertisers to increase brand recall. The cool bonus is the social piece that allows the user to engage or tweet directly with the brand advertisers. No more annoying banner ads or paywalls for consumers to muck up the digital experience. Founded in January 2011, Double Recall is headquartered in New York City with offices in Japan and Europe.

Media Contact Name: Merredith Branscombe -Le@p PR for DoubleRecall
Media E-mail:
Media Phone: 720-735-7363
Media Web Address: http://doublerecall.com/press.html
Company Contact Name: Video
Company Web Address: http://vimeo.com/27807125
Main image credits: DoubleRecall
About the author:

RushPR News is a social media newswire service created to help you with content creation and distribution to news outlets and social media networks. RushPRnews can also assist you with your web strategies with experts advices and strategies at an affordable cost. Write us at news@rushprnews.com

Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, BREAKING NEWS, Technology, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Zatun Game Studio Releases a List of Tools That Aid in iPhone Development

Ahmedabad, Gujarat, India 04/18/14 · Zatun Game Studio, a leading cross-platform video game...

Miami Boom Signals First Rating Increase Since 2004: Muni Credit

Miami, Florida 04/18/14 · Record demand from international investors is boosting prices...

Canadian actor/producer Corey Large presents the drug drama ‘Kid Cannabis’ out April 18

Los Angeles/Vancouver 04/14/14 ·  For Canadian actor/producer Corey Large, the drug drama...

Newborn Foundation Presents at 13th Design of Medical Devices Conference on Innovation for Developing Nations

MINNEAPOLIS, MN 04/10/14 · - Newborn Foundation co-founder and chairman Annamarie Saarinen...

Uk firms can succeed at exporting, says Ultraseal International

Ann Arbor, MI 04/09/14 · Understanding markets overseas is the key to exporting...

First App Created for General Public by Academy's Sci-Tech Council

Beverly Hills, Calif. 04/07/14 · ACADEMY COLOR PREDICTOR LAUNCHES ON iTUNES –The Academy Color...

Grand Estates Auctions sells highest priced home in five years in Pasco County, Florida.

Charlotte, North Carolina 04/04/14 · Sale achieved at auction sets a new benchmark...

Students Create Online Planetary Improvement Network

BOURNEMOUTH, UK 04/04/14 ·  Students from Oxford and Harvard, in cooperation with...

Sharing Meals Online May Reduce Loneliness and Improve the Dining Experience

BOURNEMOUTH, UK 04/04/14 ·  An online eating trend that began in Korea...

Consiglio’s Kitchenware & Gift Offer 4-Year Warranty on Latest Saeco Espresso Machines

Toronto, ON 04/01/14 · Leading provider of brand name kitchenware, Consiglio’s Kitchenware...

5 Tips for Finding A Reputable Luxury Property Auction House

Charlotte, North Carolina 03/28/14 · - Advice for Homeowners Seeking to Auction Their...

UN Commission Call for Increased Efforts to Promote Gender Equality in ‘Post-2015 Agenda’ Welcomed

Toronto, ON 03/28/14 · Children’s organization, Plan International welcomes the strong call...

Spring forward: time to refresh how we approach Google

San Francisco/London/Montreal 03/28/14 · There have been tremendous changes the past year...

Reduce Your Business Waste

London, UK 03/24/14 · With the issue of climate change not likely...