2015-11-16
BOSTON, MA, Micro-influencer marketing platform for premier brands, today announced that it has raised $5 million in venture funding.
MAVRCK, the micro-influencer marketing platform for premier brands, today announced that it has raised $5 million in venture funding from Kepha Partners and GrandBanks Capital. The company, which powers brands to both identify and activate their most influential consumers at scale across multiple social networks, will use the funding to accelerate its growth as it continues to change the way brands engage consumers on social.
'MAVRCK is transforming digital marketing and advertising through its ability to drive measureable conversions on social and deliver authentic, targeted audience engagement independent of ad-blocking software and changes to social networks' algorithms,' said Jo Tango, founder and partner, Kepha Partners. 'As consumers' use of social media continues to grow and mature, the company's white-label micro-influencer marketing platform is one of the most effective ways to help brands reach their target customers and drive real business results.'
This funding, which brings the company's total amount raised to $8.3 million, is just the latest milestone in a year filled with significant achievements. Along with opening its new headquarters and nearly tripling its team in size, MAVRCK officially launched its free Fan Grader analysis tool for brands to identify influential Facebook fans. The Company was awarded U.S. Patent 9026594 for the algorithm driving the company's influencer activation engine, and unveiled its Instagram integration to its platform, analyzing more than one million posts in just the first two weeks of launching.
'Over the last year, we've focused on validating the micro-influencer model at scale with a number of leading brands and strategic industries,' said Lyle Stevens, CEO and co-founder, MAVRCK. 'Now that we've proven one micro-influencer can get three friends to convert around a brand's marketing objective, we've raised additional funding to grow our team in order to expand aggressively within target industries.'
Since December 2014, MAVRCK has grown its impressive customer roster to include more than 30 premier brands such as Gillette, Hershey's, Bota Box, Hydro Flask and major agency partnerships with Mullen Lowe and GroupM, among others. MAVRCK has also activated more than 1 million micro-influencers to help companies to drive word-of-mouth at scale across Facebook, Instagram and Twitter.
'Working with MAVRCK, we've been able to engage 600% more consumers than the Tom's of Maine official Facebook page and Instagram accounts combined,' said Bridget M. Burns, social media strategist, Tom's of Maine, a leader in natural personal care. 'This has helped us outperform paid social media engagement, while collecting valuable feedback on our products and company from our most influential customers. We continue to use MAVRCK's platform as an always-on strategy that enables us to regularly engage and interact with our micro-influencers, who are helping us spread our passion for goodness.'
For more information on MAVRCK's micro-influencer marketing platform, which was recently recognized as MassTLC's 2015 Innovative Technology of the Year in the Sales & Marketing category, please visit: www.mavrck.co.
About MAVRCK
MAVRCK's micro-influencer marketing platform powers premier consumer brands to drive word-of-mouth at scale on social media. The company's proprietary influencer activation engine is trusted by premier brands to identify and activate their most influential customers across Facebook, Instagram and Twitter. For more information, please visit www.mavrck.co or email founders@mavrck.co.
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