Friday, November 19, 2010
SVnetwork Reaches 30 Million Users On SocialVibe via Causes
Los Angeles-based SVnetwork said today that it now has over 30 million monthly users using its cause-marketing platform SocialVibe, via its partnership with the Causes.com web page and Facebook app. SVnetwork said those users are helping to raise money for over 11,000 charities around the world. SVnetwork's SocialVibe site allows users to view information and promotions from brands, who then donate money to a charity selected by a user, with additional donations for sharing information with friends on Facebook and Twitter. SVnetwork said recent brands using SocialVibe include GE, L'oreal, Nestle, and Marriott. SVnetwork said its overall reach is now over 200 million unique consumers every month across all of its sites. Details of the partnership deal between SVnetwork and Causes.com have not been announced. SVnetwork is venture backed by Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures.