SocialVibe Announces Closing of $8 Million Series B Financing

LOS ANGELES, Jan. 12 /PRNewswire/ -- SocialVibe announced today it has closed
an $8 million Series B financing led by JAFCO Ventures with significant
participation from Series A investor, Redpoint Ventures. SocialVibe is a
social media monetization platform that mobilizes millions of social media
consumers to simply promote, distribute and support brands and charities. The
additional funds will help the company aggressively grow its consumer and
business partner relations, while accelerating product development efforts.

SocialVibe was founded on the principle of empowering people to utilize their
influence within social media. The platform provides brands with a compelling
solution for reaching people in a relevant and highly engaging manner within
social media, while allowing the SocialVibe community the opportunity to
leverage their online influence for causes of their personal choice.

As a result of this investment, Joe Horowitz, Managing General Partner of
JAFCO Ventures, will join the SocialVibe board of directors. "In our view,
SocialVibe has built a solution from the ground up that squarely meets the
needs of the online advertising community while providing their membership a
sense of greater purpose to their social media activities," Horowitz says.
"We are delighted to have the opportunity to join the SocialVibe team and to
provide them the capital to scale a very compelling business model."

"SocialVibe has brought soul to the intersection of social media and online
advertising with a solution that resonates with advertisers, publishers and
members," says Greg Martin, Partner at Redpoint Ventures. "SocialVibe is more
than a great business, they are a force for good."

In less than a year, SocialVibe has grown to nearly 500k members, with
thousands of new participants joining on a daily basis. SocialVibe's current
members are sharing their brand sponsors with over 10 million friends on
social networks such as MySpace and Facebook, measuring over 100 million
endorsed impressions monthly. Members can select from an expanding and varied
roster of brand sponsors, including Coca-Cola, Sony Pictures, Sprint, Kraft
Foods, Colgate-Palmolive and Jones Soda, to benefit one of more than 30
non-profit organizations, such as World Wildlife Fund, Stand Up to Cancer and
charity: water.

"Today's funding round represents a tremendous vote of confidence in our team,
vision and business model," said Kurt Johnson, SocialVibe CEO. "JAFCO and
Redpoint Ventures are quality venture firms that understand our business and
have the experience to help us grow into a leading advertising and
monetization solution for social media."

About SocialVibe:
SocialVibe recognizes that individuals hold the key to generating attention
and wielding influence in social media. SocialVibe allows people to choose a
brand sponsor to endorse, choose a charity to support and add their customized
badge to existing social media profiles, blog or website. By displaying the
badge, members earn points that accrue towards donations to their chosen
charity. For more about SocialVibe, visit www.socialvibe.com.

About JAFCO Ventures:
Based in Palo Alto, California, JAFCO Ventures is a venture capital
partnership focused on companies that are emerging leaders in the
communications, Internet, semiconductor and software industries. JAFCO
Ventures was formed in 2003 and currently manages more than $350 million in
capital. The fund's charter is to invest in venture opportunities with true
breakout potential where JAFCO Ventures can meaningfully add value with
capital, the experience of seasoned venture capital investors, and the
deployment of our Asia business development team, to help portfolio companies
generate revenue from customers in Japan and other parts of Asia. For more
information, visit http://www.jafco.com/.

About Redpoint Ventures:
Redpoint Ventures focuses on partnering with and funding innovative companies
that have the potential to define, lead, and change industries. Redpoint
partners have many decades of experience and success in technology investing;
combined with this foundation, the firm is able to leverage a thriving network
of entrepreneurs, partners, and industry experts to accelerate building
market-leading companies. Redpoint (www.redpoint.com) was founded in 1999 by
partners from two of the top firms in the venture capital industry and
currently has over $2 billion under management. The firm is headquartered in
Menlo Park, CA with offices in Los Angeles and Shanghai, China.

SOURCE SocialVibe

Sara Bordo of SocialVibe, +1-310-657-9900, ext. 800, sara@socialvibe.com