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EcommerceBytes-NewsFlash, Number 2551 - May 26, 2011 - ISSN 1539-5065    5 of 5

Social Commerce Firm ShopIgniter Raises $8 Million in Funding

By Ina Steiner
May 26, 2011

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ShopIgniter, a provider of innovative social ecommerce software, raised $8 million in Series B funding from new investor Trinity Ventures and existing investor Madrona Venture Group. ShopIgniter's software includes the Social Promotion Engine to power and track scalable word of mouth product promotions and loyalty incentives, a Facebook product merchandising application, and an enterprise-class social commerce platform with a robust API.

The funding will be used to grow sales, marketing and product development of the company's products, which are used by retailers and brands such as Nike Golf, CafePress and the Portland Trail Blazers.

Larry Orr, General Partner at Trinity, has been appointed to the ShopIgniter board of directors, joining existing outside directors Tom Alberg, a Madrona Managing Director and Amazon.com board member, and Dave Hersh, founding CEO of Jive Software.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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