White Label App Platform LOLApps Raises $4.5 Million from Polaris Ventures
peHUB’s Dan Primack caught the SEC filing last week that LOLApps, a provider of white label social networking applications, has raised $4.5 million Series A round from Polaris Venture Partners. Polaris’s Mike Hirschland will be taking a seat on the company’s board.
LOLApps’s two primary current products are its Gift Creator and Quiz Creator applications, which run on Facebook and Bebo. Users are able to use LOLApps’ templates to easily create customized standalone applications. LOLApps gives the service away (hence getting free distribution) and makes it back by selling the inventory for now, but the company will likely explore several potential business models. Alarm Clock says the company is already profitable and has total reach of 20 million users throughout its distributed network of applications.
White labeling popular applications has proven an interesting model for development shops serving agencies and marketers. LOLApps is simplifying the app customization process so that anyone can use it.
LOLApps was co-founded by Ariel Poler (of SpeedDate, TextMarks, and StumbleUpon), Kavin Stewart (Offermatica, Skobee), Annie Chang (BitTorrent, SquareTrade), Brian Rue (hikkup.com), and Kamo Asatryan (also of hikkup). The company has already hired some technical talent (it’s up to about 8 folks) and is looking for more.
See additional notes from Eric Eldon and Bret Terrill.
September 9th, 2008 at 8:18 pm
Looks like a fun place to work – delirium ale in the kitchen ;) http://www.lolapps.com/office.html
January 9th, 2009 at 10:21 pm
Yeah, looks like a great place to work and I’m actually looking for a job. Hire me!
Here’s a link to my portfolio: http://www.etherworld.com
-Joe
January 24th, 2009 at 6:24 am
[...] social application space. We’re still fairly stealthy but you can read a bit more about us at http://www.insidefacebook.com/2008/09/09/white-label-app-platform-lolapps-raises-45-million-from-pol... It’s reasonably accurate as far as these type of things [...]
February 4th, 2009 at 6:36 am
[...] social application space. We’re still fairly stealthy but you can read a bit more about us at http://www.insidefacebook.com/2008/09/09/white-label-app-platform-lolapps-raises-45-million-from-pol... It’s reasonably accurate as far as these type of things [...]
February 9th, 2009 at 6:18 am
[...] social application space. We’re still fairly stealthy but you can read a bit more about us at http://www.insidefacebook.com/2008/09/09/white-label-app-platform-lolapps-raises-45-million-from-pol... It’s reasonably accurate as far as these type of things [...]
February 18th, 2009 at 6:14 am
[...] social application space. We’re still fairly stealthy but you can read a bit more about us at http://www.insidefacebook.com/2008/09/09/white-label-app-platform-lolapps-raises-45-million-from-pol... It’s reasonably accurate as far as these type of things [...]
February 18th, 2009 at 8:52 am
[...] LOLApps’s Quiz Creator has been gaining major steam lately as well. The venture-funded company makes white label apps for users to create custom experiences for their [...]
February 19th, 2009 at 4:16 am
[...] LOLApps’s Quiz Creator has been gaining major steam lately as well. The venture-funded company makes white label apps for users to create custom experiences for their [...]
March 11th, 2009 at 5:26 am
[...] social application space. We’re still fairly stealthy but you can read a bit more about us at http://www.insidefacebook.com/2008/09/09/white-label-app-platform-lolapps-raises-45-million-from-pol... It’s reasonably accurate as far as these type of things [...]
April 21st, 2009 at 5:00 am
[...] we first covered white label Facebook application developer LOLapps last September, the company had just closed a [...]
November 17th, 2009 at 3:35 pm
[...] a developer of Facebook apps and games funded by Polaris Ventures, got its start building a white label quiz and gift creation platform for Facebook users. Since [...]
October 19th, 2010 at 1:09 am
[...] (וביכולת של פייסבוק להיות המפרסם האקסקלוסיבי ברשת) וארבעה מיליון דולרים ומחצה יורדים לטמיון כיוון שהכסף שהושקע בLOLapps תלוי לחלוטין בגחמות הרשת [...]
October 19th, 2010 at 1:27 am
[...] (and Facebook’s ability to monetize by being the exclusive designated advertiser) and וfour and a half million dollars go down the drain because they solely rely on the Zuckerberg family’s whims, where they determine the laws of [...]
October 19th, 2010 at 11:02 pm
[...] (וביכולת של פייסבוק להיות המפרסם האקסקלוסיבי ברשת) וארבעה מיליון דולרים ומחצה יורדים לטמיון כיוון שהכסף שהושקע בLOLapps תלוי לחלוטין בגחמות הרשת [...]