Portland social commerce startup Chirpify said today that it is close
to closing on $2 million in venture backing, led by the Seattle firm Voyager
Chirpify, which currently employs nine people, says it will use the funds to double its work force, including "a handful" of sales people.
The company enables financial transactions over Twitter, Facebook and other social media sites.
For example, country star Tim McGraw offered a copy of a new album over Facebook, which fans could buy instantly by linking their Chirpify and Facebook accounts and responding "Buy" to McGraw's posts. Chirpify takes a small percent from each transaction.
Chirpify says it expects Lil Wayne and Snoop Dogd to begin using the service shortly.
Voyager led a $1.3 million investment in the company exactly one year ago. It's one of several "financial technology" startups clustered in Portland, using new technology to change the way people do business online.
Others include mobile banking startup Simple and digital gift card specialist Giftango.
Chirpify already has some big competition, notably Twitter itself. Last month, Twitter partnered with American Express to enable Twitter purchases with an AmEx card. That service requires that buyers approve their purchase with a confirmation e-mail.
Today's deal extends the strong start to the year for Oregon venture capital. The state's startups raised more money in the first three months of 2013 than in any first quarter since the dot-com era.
Most Popular Stories
- Apple Wants Samsung to Pay $22M for Patent Dispute Legal Bills
- Twitter Coming to Phones Without Internet
- NASA Fellowships, Scholarships Bring Diversity to Workforce
- Dish Network Leads 2013 Top 50 Advertisers List
- Networks Vie for U.S. Hispanic TV Viewers
- Ad Counts Rise in 2013 for Hispanic Magazines
- Entravision Initiates Quarterly Cash Dividend
- Jobs Report Brings Cheer As Unemployment Drops to Five-year Low
- Starbucks Gets Grinchy; No Gingerbread Lattes for Tampa Customers
- Warner Bros. Unleashes 'Hobbit: Desolation of Smaug' Merchandise