Got Funds? ShopIgniter And Arkayne

ADOTAS, founded in 2003, is a premier news publication focused on the Internet advertising and media industry. ADOTAS’ emphasis is on providing the best news and information on media buying, planning, selling, technology and activities of the digital media business to the interactive advertising community. They are proud to have over 100 contributing writers delivered by the foremost experts in the field.

ADOTAS recently published an article about ShopIgniter and Arkayne’s recent close of funding. For those of you that are unaware of what ShopIgniter does, they’ve created a product that delivers an extensible, cloud-based ecommerce solution integrating store management, merchandising and product content across physical retail, branded web site and the social web. Or simply put, ShopIgniter allows your business to live within Facebook and Twitter.

You can see the original article below:

ADOTAS – Social media and ecommerce integration is an idea venture capitalist are opening their checkbooks to: ShopIgnite garnered $3 million from a Series A round of funding led by Madrona Venture Group

In addition, Madrona partner and former Yahoo! VP Matt Compton is grabbing the reigns as CEO of the startup. Madrona Managing Partner, Tom Alberg, who also sits on Amazon’s board of directors, will take a seat on ShopIgnite’s board.

The company’s platform allows retailers, wholesalers and brands to merchandise products on Facebook and hunt for customers on Twitter, as well as manage their online store functionality through a straightforward dashboard. ShopIgnite claims that its services boost online sales by as much as 30%.

In other funding news, interactive marketing software developer Arkayne scooped up more than $1 million in an initial round of Angel funding. The company’s Plugin SaaS offering links site visitors from one page to others within a single site or customer-designated network of sites by displaying relevant links. Arkayne will launch another product in the spring as well as an upgrade for Plugin.

Via Gavin Dunaway at ADOTAS.com