• Extole Raises $5 Million For Social Media Marketing Tools

    Wednesday, September 15th, 2010

    Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

    Extole (the startup formerly known as TellAPal), which offers a suite of social media marketing tools under the guise of a “Social Marketing as a Service Platform”, this morning announced it has secured $5 million in Series A funding.

    The round was led by Trident Capital with participation from Redpoint Ventures and Norwest Venture Partners.

    Extole says it plans to use the fresh funding mostly for hiring purposes and product enhancements.

    The company markets a number of products (Refer-A-Friend and SocialBuilder) designed to enable brands to leverage social marketing solutions, such as referral marketing services and viral Facebook sweepstakes apps, to increase sales and brand awareness in a measurable way.

    Its reference clients include Drugstore.com, Roku and Vistaprint.

    The company was originally established back in 2007 under the name TellAPall, but it’s now been completely rebranded to Extole. Founder and CEO is Brad Klaus, former chief exec of Syndero and VP of Sales at Qualys before that.

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