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$6M boost helps Ogden tech company grow
TopTenREVIEWS, an Ogden, Utah-based technology company, announced today its plans to expand its online review site and increase its workforce.
Through an introduction made by Utah’s Fund of Funds, a state economic development program, the company received $6 million from venture capital firms Highway 12 Ventures and Village Ventures. TopTenREVIEWS.com is a comprehensive review site providing consumers with side-by-side product and pricing comparisons to help them research, shop and purchase technology and entertainment products and services.
“We are impressed with TopTenREVIEWS’ continued growth and future market potential, and we’re committed to supporting companies with strong entrepreneurial management teams,” said Bo Peabody, managing general partner, Village Ventures.
“TopTenREVIEWS is a perfect example of how Utah’s Fund of Funds can help encourage economic development,” said Mark Solon, co-founder and managing partner, Highway 12 Ventures.
The capital investment could result in up to 100 new technology jobs with the company. The funding will ensure the growth of TopTenREVIEWS, a leading technology company based in Utah. The company plans to implement its aggressive growth strategy throughout the next 18 months.
The investment in TopTenREVIEWS builds on the success of the initially self-funded company’s vision to change the way consumers shop for technology and entertainment products and services by providing helpful, accurate and unbiased reviews and resources.
“Highway 12 Ventures and Village Ventures’ investment supports our belief that TopTenREVIEWS is filling a consumer need,” said TopTenREVIEWS’ Founder and CEO Jerry Ropelato. “Today is a significant day in our company and in the growth of technology businesses in our state.”
Jerry Ropelato founded TopTenREVIEWS in 2003 in an effort to educate parents, starting with its first review on Web filtering software and growing to more than 4 million Web pages of content in more than 225 categories.
TopTenREVIEWS.com is committed to providing consumers with the comprehensive and objective information they need to save time, money and find the products that best fit their needs.
