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RockMelt(R) Raises $30M in Series B Funding From Accel Partners, Khosla Ventures and Andreessen HorowitzJim Breyer of Accel Partners and Vinod Khosla of Khosla Ventures Join Marc Andreessen on RockMelt's Board of Directors (June 28, 2011)
MOUNTAIN VIEW, CA -- (Marketwire) -- 06/29/11 -- RockMelt announced that it has received $30 million in Series B funding from new investors Accel Partners and Khosla Ventures and existing investor Andreessen Horowitz. Existing investors Bill Campbell, chairman of Intuit and Apple board member; Josh Kopelman of First Round Capital; and legendary angel investor Ron Conway also participated. The new capital will help further RockMelt's mission to give people a fundamentally better way to experience the web by re-imagining the web browser for modern users. The company will use the funds to expand the team and turbo charge new product development and fund marketing and partnership opportunities.
With this investment, Jim Breyer of Accel Partners and Vinod Khosla of Khosla Ventures will join RockMelt's board of directors as observers.
"Re-inventing the browser is an extremely ambitious endeavor and we knew from the beginning that we'd need the sharpest minds working with us," said Eric Vishria, Co-founder & CEO of RockMelt. "There are so few people who have founded or funded multiple industry-changing, billion dollar companies. Marc Andreessen, Jim Breyer and Vinod Khosla are three such people. We are humbled and thrilled to be working with such an incredible group."
"The Web has changed dramatically over the last several years. It's about people, not pages. Your browser should reflect that fundamental change," said Jim Breyer, partner at Accel Partners. "RockMelt is building the browser for the next generation, and I couldn't be more excited about working with Eric, Tim and the rest of the RockMelt team to help deliver on that vision."
"I love working with companies like RockMelt that are attempting to upend an existing category," said Khosla Ventures founder Vinod Khosla. "When you consider that more than 2 billion people spend hours a day in their browser, it is clear there is an enormous opportunity to challenge conventional assumptions around what a browser is and does."
This new round of funding comes on the heels of a partnership with Facebook that sees the companies collaborating closely to create a truly integrated social Web browser. Since launching in private beta in November of last year, RockMelt has quickly and continuously delivered product improvements driven by users' most requested features. The browser became widely available via open beta in March of this year and the company also launched its first mobile product -- RockMelt for iPhone, an app designed to rethink the mobile browsing experience -- shortly thereafter.
More than a million users have tried the product, and there are several hundred thousand users deeply engaged with RockMelt, using it an average of 6.5 hours a day. 56 percent of RockMelt users are 24 and younger, and 81 percent are 34 and younger.
RockMelt's mission is to give people a fundamentally better web experience by re-imagining the browser around how people use the Web today. RockMelt was founded by Eric Vishria and Tim Howes in 2008, and initially launched a limited beta release of the RockMelt browser in November 2010. Today, RockMelt is in public beta with versions for Mac, Windows, and, recently launched, iPhone. RockMelt is based in Mountain View, CA and has raised $40M from Andreessen Horowitz, Accel Partners, Khosla Ventures, First Round Capital and industry legends Bill Campbell, Ron Conway and Diane Greene.
RockMelt ® is a registered trademark of RockMelt, Inc. Facebook® is a registered trademark of Facebook Inc. All other product names, logos, brands, and other trademarks referred to herein are the property of their respective trademark owners.
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