Eurekster, Inc., which wasone of the first community based social search engines, has secured $5.5 million in a Series B financing. The funding, from Technology Venture Partners (TVP) of Australia and Transcosmos Investments of Japan with the participation of the private investors who provided the company’s initial Series A financing, will enable Eurekster to accelerate the company’s rapid growth and expand the commercial and global scope of its product offering.
Eurekster has pulled a rebirth of the popularity of their social search and buzz monitoring services, Swicki and BuzzCloud:
The new generation of social search engine, empowering website publishers with a sophisticated tool for not only guiding the specialized search experience for their unique communities but also driving user engagement and community contribution. Websites that cultivate brand and visitor loyalty by increasing participation among users have tremendous appeal to advertisers.
The success of Swickis on thousands of sites including Forbes.com, TechCrunch and PopSci.com, which are among the most prominent sites employing Eurekster community-driven search, is proof that users, advertisers and publishers worldwide benefit from Eurekster’s customized, social search.
“Eurekster’s relationship with our partner Ask.com in the United States, united with Transcosmos’ heritage and presence in the Asian markets represents a synergy that positions the company to extend into the Japanese and Asian markets and beyond,” said Shinichi Nakagura, Executive Vice President at Transcosmos Investments. “Eurekster brings to people around the world search results that go beyond algorithms, infusing the wisdom of real communities into search that truly delivers on the promise of the participatory Web.”