App company JS-Kit raises $3.6 million
No, it's not another Facebook app developer--JS-Kit specializes in creating comment, rating, and review apps that Web sites and blogs can install at a lower cost than developing them in-house.
JS-Kit, a start-up that has created an array of social-networking apps for sites to install, has raised $3.6 million in venture funding in a Series B round led by Altos Ventures. Existing investor TEF3 also contributed.
With the funding, JS-Kit plans to make more hires beyond its team of 12 engineers as well as broaden its management team--Chris Saad has joined the company as an advisor. The company also plans to hone its business-development strategy so that it can reach the magic "profitable" milestone sooner rather than later.
"Each of these areas provides key value to all our publisher partners who can rest assured that we have the development team necessary to continue to support the products, the leadership to execute on an exciting road map, and a sustainable business model to ensure the company's success now and into the future," CEO Khris Loux wrote in an e-mail announcement.
JS-Kit's specialty isn't gimmicky widgets, but rather low-cost add-ons for Web sites, like comments and ratings, that could otherwise be built in-house for a higher tab.