BrightEdge Secures $6.5M Investment by Top Tier Venture Firm
Battery Ventures Partner and Former Google Manager Leads Latest Round of Financing
SAN MATEO, Calif – March 16, 2010 – BrightEdge, the on-demand leader in Search Engine Optimization (SEO) Management, today announced that it has raised $6.5M in additional funding. The new funding round was led by Battery Ventures, with existing investors Altos Ventures and Illuminate Ventures also participating. BrightEdge will use this investment to accelerate its entry into the market and expand engineering and operations to support a fast growing number of customers on its leading SEO platform.
With this new investment, Battery Ventures Partner and former Google manager Satya Patel will join BrightEdge's Board of Directors. Satya brings deep expertise in the online marketing industry from his recent investments at Battery and at Google where he helped build the AdSense business through various partner development and product management activities.
"BrightEdge has assembled an incredible team that includes the architects of the original Google deployment at AOL, the social search engine at Digg, and the scalable infrastructure at Salesforce.com," said Satya Patel, Partner at Battery Ventures. "With this deep expertise in search and Enterprise SaaS, BrightEdge is uniquely positioned to deliver the leading enterprise-class organic search management solution."
"With this new financing and investor support, BrightEdge is primed to extend its current leadership in the SEO management market," said Jim Yu, CEO of BrightEdge. "This latest round of funding validates investor confidence in our offering as the leading platform for SEO managers, executives, and online agencies."
About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company's life, from start-up and expansion financing, to growth equity and buyouts.
Battery has supported many breakthrough companies around the world, including: Airespace (acquired by Cisco), Akamai Technologies (NASDAQ: AKAM), BladeLogic (acquired by BMC Software), Netezza (NYSE Arca: NZ), Omniture (NASDAQ: OMTR), and ProfitLogic (acquired by Oracle). Its current portfolio includes such emerging Internet and digital media firms as: Angie's List, Bazaarvoice, BlueKai, Exact Target, FreeWheel Media, LiveIntent and Lotame. Battery currently manages nearly $4B in committed capital.
For more information, visit: www.battery.com.
Leading online companies use BrightEdge's SEO management platform to turn organic search into a strategic asset that drives business performance. BrightEdge's on-demand infrastructure and metrics-driven approach elevates organic search into a first tier marketing channel with clear business value. With BrightEdge, executive and SEO professionals get detailed visibility into SEO performance, uncover key opportunities to drive natural traffic and conversions, and identify SEO actions that matter. The company is privately held, with financing from Battery Ventures, Altos Ventures and Illuminate Ventures.
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