It great to hear that even in today’s economic climate, there are still companies out there that can raise some serious funding. We’re especially glad to see that it’s a widget company. iWidgets raised $4.1 Million in Series A funding from Opus Capital and University Venture Fund.
Press Release (via Sexy Widget):
iWidgets Lands $4 Million to Reach Millions of Online Consumers Through Social Syndication
iWidgets introduces next-generation technology platform for taking big brands’ content to the places where people are spending time online
SAN FRANCISCO, February 4, 2009 — iWidgets, the Social Syndication Company™, has raised $4.1 million in Series A funding led by Opus Capital, a leading early-stage venture capital firm in Menlo Park, Calif. and University Venture Fund, a collaborative venture between universities, students and private equity funds based in Salt Lake City, Utah.
iWidgets today is also announcing the addition of Geoff Katz to the executive team as vice president of business development and marketing. Katz, an interactive television industry pioneer and digital media veteran, also currently serves on the Academy of Television Arts & Sciences Board of Governors. He joins iWidgets after stints with TiVo, DirectTV and brand experience design agency Method. The timing of iWidgets’ Series A funding and the addition of Katz to the team is a direct result of market demand for new and creative ways to reach consumers online.
“Now is the time to exploit the iWidgets technology and start to capitalize on the intense interest we’ve had from media companies of all stripes,” said Peter Yared, iWidgets CEO. “With these new investors, we are positioned to radically change the way brands interact with their fans online by helping them join the social media revolution at a massively reduced cost.”