Tinypass, a NYC-based platform that enables media companies and websites to create paid content business models, closed a $3m funding.
The round, which followed a $1.25m seed financing raised in 2012, was led by Cascabel Management and Plough Penny Partners, with participation from CEO Trevor Kaufman.
Tinypass provides a free to set-up platform that enables site owners to supplement their advertising revenue by charging for premium content. It is used by a diverse range of clients to create paid content solutions including major media companies, local newspapers and bloggers, online education providers, health and wellness sites, business information providers and research organizations.
Led by Kaufman, the company also named three new executives adding Brian Carroll as chief operating officer, Matt Frazier as chief technology officer and Todd Trippany as executive vice president, sales & business development.
The company is hiring.