Rizzo Joins Board On The Heels Of Company’s $3 Million Financing Round
MENLO PARK, CA, APRIL 3, 2012 – PixyKids (www.pixykids.com), an interactive and immersive social media family and kids platform, today announced that John F. Rizzo, Jive Software’s Chief Marketing Officer, has joined the Board of Directors. The announcement follows the closure of financing of a total round of $3 million including a $2 million investment by ATA Ventures. Mr. Rizzo is joining a board that includes PixyKids’ Co-Founder & Chief Executive Officer, Rajul Kadakia and Co-Founder & Managing Director ATA Ventures, Pete Thomas. Backed initially by Silicon Valley giants Sequoia and Kleiner Perkins Caufield & Byers, Jive is one of the fastest growing public companies after their successful IPO in December 2011, which has further highlighted growing investor interest in social media companies.
“John’s exceptional depth of experience across social media, interactive marketing, and success growing early stage companies into respected organizations will make a tremendous contribution to our Board of Directors,” said Rajul Kadakia, Co-Founder and CEO of PixyKids. “We are conscientiously building the PixyKids Board with key innovators and decision makers in the industry and John’s extensive insight and experience comes at a very exciting time. I know he shares our enthusiasm and vision for PixyKids to become an engaging social platform where kids and families around the world can connect and share, and we are thrilled to be the beneficiary of his outstanding and relevant expertise.” Continue reading