SponsorHub Raises Seed Round
2011-12-09
NEW YORK, NY, SponsorHub, the first online marketplace for the event sponsorship industry, announced its initial round of investors. The list includes top entrepreneurs, brand and ad agency executives and venture capitalists.
--(BUSINESS WIRE)--SponsorHub (www.sponsorhub.com), the first online marketplace for the event sponsorship industry, today announced its initial round of investors. The list includes top entrepreneurs, brand and ad agency executives and venture capitalists, who recognize the market opportunity for a platform that equips brands and their agencies with easy access and scalability to event sponsorships.
Sponsorship is the fastest growing offline marketing segment and SponsorHub is uniquely positioned to unlock further value from ad dollars spent on digital and social media. Sponsorship has become a critical tool for marketers who want to reach customers directly through an uncluttered communication channel. However, the sophistication around discovery, scalability and purchasing power that for many years has been built into other forms of media, such as online ad technology and television, has remained absent in sponsorship. The launch of SponsorHub will introduce the first platform to provide greater access to the world of events and easier execution for buying event sponsorships.
Investors include:
-- Randy Altschuler - Chairman of CloudBlue and former Founder of OfficeTiger
(acquired by RR Donnelley); Co-Founder of 5points.com
-- Archibald Cox, Jr. - Chairman, Sextant Group; former Chairman of Barclays Americas and Executive Committee member, Barclays Capital; Chairman Ayablu, Alden Rowing Shells and Simphotek
-- Caleb DesRosiers - SVP, Managing Director, Entree HEALTH (CDM/Omnicom) and former Managing Director at Pfizer and Genentech
-- James Dudenhoefer - 20-year veteran in the technology industry. Worked for Apple, Microsoft, Palm, and HP in consumer and enterprise markets. Participated in the launch of Apple PowerBook, Mac OS X, Apple iPod and Microsoft Windows Mobile
-- Joanne Katsch - 15-year media veteran. Currently serving as SVP, Digital at WMI agency; former VP & GM of Custom Publishing Unit at American Express; consultant to Conde Nast President on new business initiatives; VP of Custom Publishing at Readers Digest; and Publisher, Ritz-Carlton Magazine
-- Jason Krantz - Founder and CEO of Definitive Healthcare; CEO of Ninigret Capital; Board Director at Financial Information Group; former CEO of Infinata (acquired by The Financial Times Group and Pearson PLC); and former McKinsey consultant
-- Sean Power - Founder and CEO of karmadata. Former president of Infinata (acquired by The Financial Times Group and Pearson PLC) and board director at Financial Information Group
-- Quotidian Ventures - Seed stage investment fund founded by Pedro Torres Picon; active in FL and NY; portfolio includes nestio and TapAd
-- Mark Semonian - Private investor based in New York, NY and Cape Town, S.A.; investments focus on public markets, precious metals, consumer technology and media.
-- Barry Silbert - Founder and CEO of SecondMarket, the leading marketplace for alternative investments, including private company stock. Honored by the World Economic Forum as a 2011 Technology Pioneer
-- Vision Ventures - Early stage venture firm founded by David Honig; selected investments include Abe's Market, Aviary, Klout, SendTheTrend, and UrbanDaddy, among others.
Company Advisors include C-level executives from UPS and Capgemini, an Idealab board member and a former President of Softbank Conferences.
SponsorHub combines event discovery and sponsorship buying, as well as audience measurement and targeting, enabling marketers to reach the right audience at the right time. The end result is access to targeted customers and higher ROI for event sponsors and better monetization for event producers. SponsorHub's platform provides unprecedented transparency and purchasing flexibility for brands and agencies.
"As someone who has worked for more than 15 years in the event sponsorship industry, I am thrilled to see the level of interest SponsorHub has generated from such an impressive group of investors and advisors," said Robert Johnston, founder and CEO of SponsorHub. "With their support, SponsorHub will be able to provide marketers with the data they need to make the best sponsorship buying decision and gain access to the most targeted customers, with scale and efficiency."
About SponsorHub SponsorHub (www.SponsorHub.com) is the first online marketplace for the sponsorship industry, providing greater access, easier execution and audience measurement for marketers. The platform combines event discovery and sponsorship buying, at scale, as well as audience measurement and targeting, enabling marketers to reach the right audience at the right time. The end result is access to targeted customers and higher ROI for event sponsors and better monetization for event producers. SponsorHub's platform provides unprecedented transparency and flexibility for brands and agencies.
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