Portland, OR – January 14, 2013 – Janrain, the leading provider of user management solutions for the social web, today announced that it has secured $33 million in funding from Millennium Technology Value Partners, Split Rock Partners, Epic Ventures and salesforce.com, as well as existing investors Emergence Capital, RPM Ventures, DFJ Frontier and Anthem Venture Partners. The funding will enable Janrain to continue its rapid revenue, customer and user profile growth; revenues more than doubled in 2012 and the company’s platform now captures and stores 300% more unique social profiles per month than it did at the beginning of the year for leading brands such as Philips, Channel 4 in the UK, Dr Pepper Snapple Group and Mattel.
New investor Millennium Technology Value Partners led the financing and Millennium’s Dan Borok is joining Janrain’s Board of Directors. “As an investor in leading social media companies, we recognized that Janrain is the clear frontrunner in online user management for global brands,” said Dan. “Janrain has a proven ability to help companies leverage social media to better acquire, engage and understand their customers. It also has the technology, partners and customers to revolutionize the online user experience. Millennium is excited about all that Janrain offers today as well as the team’s vision for the future.”
Since 2008, Janrain customers have been able to use social login to better understand their website users. The company’s Janrain User Management Platform (JUMP) provides a single, unified view of users across multiple online properties and social identities. The third and latest generation of its industry-leading user management solution is the first to integrate profile data with a broad array of component technologies such as email marketing tools, ecommerce platforms and personalization engines.
“Janrain not only helps us acquire more customers, it also makes us better marketers,” said Robert Stone, Director of Interactive & Emerging Media, Dr Pepper Snapple Group. “The company has mastered the true value of social login, providing the central platform to capture, integrate and leverage social profile data to better understand and engage in meaningful 1:1 interactions with our online customers.”
JUMP delivers a comprehensive profile capture, storage and management solution that spans from social login and site registration, to social sharing and single sign-on. Janrain enterprise customers are steadily expanding deployments to incorporate advanced components such as social profile data storage and social graphs to create target and personalization opportunities for both real-time and future online experiences based on a user’s declared interests and demographics.
“It’s a very exciting time for Janrain, our investors and customers as we enter the next phase of social login and user management,” said Larry Drebes, CEO of Janrain. “I cannot imagine another company other than Janrain with the pieces in place to forge ahead. This funding will help us accelerate the execution of our strategy to transform the ways that companies interact with their online consumers.”
For more information on the Janrain User Management Platform, visit http://www.janrain.com
The Janrain Customer Identity and Access Management platform helps brands build a unified view of their customers across all devices by collecting accurate customer profile data to power personalized marketing. The proprietary platform encompasses social login, registration, customer profile data storage, customer segments, customer insights, single sign-on, and engagement. Janrain powers customer identity management for brands like Pfizer, Samsung, Whole Foods, Fox News, Philips, Marvel, and Dr Pepper. Founded in 2002, Janrain is based in Portland, Oregon, with offices in London, Paris, and the Silicon Valley in California. For more information, please visit www.janrain.com and follow @janrain.
Over the last decade, Millennium has been a pioneer, innovator, and leader in developing institutional-quality alternative liquidity programs for companies and shareholders in the venture capital ecosystem, partnering with the world’s leading technology companies to design investment structures that foster long-term growth. In addition to its leadership in secondary investing, Millennium actively plays the role of “Lifecycle Capital Partner” to great companies, providing a flexible mix of primary growth capital, venture debt, acquisition financing and other creative capital solutions that help to drive growth throughout a company’s entire lifecycle.
The firm has made more than 300 investments in leading technology companies that include Facebook (FB), Twitter, Zappos (AMZN), Chegg, Lookout, Tellme (MSFT), RigNet (RNET), Good Technology, BeachMint, HauteLook (JWN), Tumblr, ETF Securities, Tremor Video, LegalZoom, Wayport (T), NetSpend (NTSP), iPass (IPAS), Airvana (acquired by SAC Capital), HootSuite, ID Analytics (LOCK), ArcSight (HPQ), PlaySpan (V), Alibaba.com, Epocrates (EPOC), and many others. The firm’s portfolio companies have achieved 14 IPO and M&A events over the last three years.
Based in New York City, Millennium is led by its founding partners Sam Schwerin and Dan Burstein. For more information, visit: www.MTVLP.com.