RSS Momentum, AideRSS Closes Financing

Back in early 2007, overwhelmed by our feed readers we envisioned a service that would address RSS information overload. In the spring, we brainstormed, we researched, and we started working on the code. By the summer, we were lucky to recruit an amazing beta team, and had a spectacular launch. This past fall we scaled our systems to keep up with demand, engaged with numerous partners, and worked on building a top-notch team – what a year!

And 2008 is only going to get better. We’re happy to announce today that AideRSS has closed a financing round with Tech Capital Partners and a group of Canadian angel investors. This funding will provide us with resources to continue to grow and develop leadership in the fast-accelerating RSS market and deliver the leading tools and services needed to help increase your personal productivity. We’re extremely excited to have been able to assemble such an amazing team of investors and mentors!

Both Marshall Kirpatrick from ReadWriteWeb and Jeff Nolan from Newsgator along with many others have identified RSS as one of the hottest trends for 2008 and a growing source of information overload. Attention, relevancy, and prioritization are, without a doubt, all areas that will see a lot of innovation this year, and our team is going to be right at the forefront of these initiatives. Talk about an exciting challenge!

Keep an eye on our blog for more great announcements coming up – partnerships, collaboration, new features. It’s going to be a fun and a busy year ahead!

  • Glad to find this service. Hope you'll expand and grow.
  • Big ups bro!! I'm super happy for you, can't wait to see whats next for you guys.

    U of T misses you ;)
  • Congratulations! Good luck and I hope to talk to you guys soon.
  • Anita
    Congratulations!! What a wonderful accomplishment!
  • Ali
    This is tremendous news!

    The most intelligent developers in Waterloo got funded by the smartest investors.

    I can't wait to see what's next for AideRSS.
  • J.Paul Haynes
    Awesome news guys! Keep up the good work and you've got some great investment partners
  • This a great news guys. Keep up the good work.
  • Great news! Congrats! Now get to work ;)
  • Hey, that's awesome! Congratulations! You really deserve it.

    (Next round of beer is on you. ;)
  • Congrats! This year is going to be awesome, really looking forward to see what you guys have planned.
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