Venture Capital News: AirPR Announces $1M Funding
2012-10-03
SAN FRANCISCO, CA, Technology platform specifically focused on increasing PR performance, has announced $1.0 million in funding.
AirPR, the first technology platform specifically focused on increasing PR performance, has announced $1.0 million in funding from Mohr Davidow Ventures, Crosslink Capital, Correlation Ventures, Dave McClure's 500 Startups and Matt Mullenweg's Audrey Capital. The mission of AirPR is to fundamentally shift the PR industry in order to decrease friction for the PR professional and increase efficacy for the client.
Founded in 2011, AirPR has spent the past eighteen months developing a technology platform to provide the extremely fragmented and demand-heavy PR industry with solutions to better serve both the supply and demand sides of the market.
AirPR Founder and CEO, Sharam Fouladgar-Mercer, whose experience as a venture capitalist led to the ideation of the company, witnessed company after company struggle with sourcing a PR independent or small firm to accommodate their needs.
"Today, what you get are large-scale PR firms charging anywhere from $10k to $50k a month for their services," said Fouladgar-Mercer. "As a result, startups and small to midsize businesses looking for top-quality, affordable PR options, encounter a variety of barriers. Our goal is to become the go-to for these types of companies, essentially doing the heavy lifting of sourcing 'best in breed' PR independents or small firms so company founders and executives can focus on their core competencies."
AirPR will use its seed funding to continue building the platform, which is set for an invite-only launch in mid-October.
About AirPR
AirPR (https://www.airpr.com) is a technology platform to increase PR performance. The platform reduces the friction typically associated with discovering talented PR professionals and ultimately provides control and trust in the process for a fraction of the time and cost.
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