Wednesday, October 8, 2008

appssavvy is a direct sales team for the social media space

What Company Is Offering:
appssavvy is a direct sales team for the social media space. The company based in New York City connects hundreds of social media applications with leading brands and agencies. appssavvy provides advertisers with contextually-relevant targeted media opportunities reaching an audience of more than 50 million unique online consumers enjoying social media applications. Developers generate significant revenues through appssavvy's integrated sponsorship capabilities for brands and agencies.

How Much They Got From VCs:
appssavvy , a direct sales team for social media applications, today announced that it has secured $3.1 million in Series A funding led by TRUE Ventures . appssavvy marks TRUE Ventures' first investment through its second fund with $165.5 million in commitments.

In addition to TRUE Venture's investment, Scott Kurnit, founder of and an investor and advisor at the cross-section of media and technology, also participated in appssavvy's Series A investment round. Kurnit has worked at the highest levels of Warner, Viacom, News Corp., PBS, IBM and MCI.


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