Curebit offers an online customer referral system that surfaces post-purchase sharing to Facebook, Twitter or email, plus standalone referral pages and one-off campaign tools. The product is available as plugins for 14 platforms, including Shopify and Magento. Curebit reports roughly 1,000 customers, from small e-commerce stores to larger customers like Giggle.com and a newly signed top-20 retailer and a consumer foods company. Its referral campaigns produce 15%–25% share rates for single-sided deals and 45%–65% for double-sided deals, with standalone share buttons around 3% and 1–5 clicks per share. Conversion rates are generally 2–3x higher than traditional methods and have reached as high as 30% in some cases; referrals also correlate with higher average order amounts. The company says the new funding will support continued product development and a slight team expansion: three new hires (two developers and one designer) to the company’s now five-person outfit.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2012