AideRSS closes second round of financing

Waterloo’s AideRSS, Inc. announced today that it has closed its second round of financing with Waterloo’s Tech Capital Partners. This round of new funding will enable AideRSS to continue to develop unique services that leverage the PostRank technology and brand.

“2008 has been an outstanding year for AideRSS and PostRank” said Carol Leaman, CEO. “We’ve had amazing market reception and feedback, we’ve built an extremely strong team, and with funding that will last well into 2010 we can focus on execution of our business plan”. Ilya Grigorik, Founder and CTO added, “We are extremely excited about our product development plans in the next 12 months. With financing in place we will be delivering several unique new services that we expect will garner significant attention in the market and result in a number of potential paths to revenue.”

Founded in the spring of 2007, AideRSS launched its first filtering and ranking service in July 2007 to tremendous market reception. The PostRank feed management service offers free, easy-to-use tools to enhance personal productivity for users, and provides audience engagement information for publishers.