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April 29, 2005

SilverCarrot receives VC financing

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Posted by Dominic Basulto

From Crain's New York: Internet-based lead generation company SilverCarrot of Manhattan has received $7 million in Series B venture capital funding from a group of investors led by Dolphin Equity Partners.

So what exactly is Internet-based lead generation? Well, SilverCarrot buys banner ads offering deals in order to drive visitors to sites it owns and operates. On these sites, registered visitors are asked about their preferences and whether they would like to receive more information on certain topics. SilverCarrot then passes on those leads to client. Presto! Lots of qualified leads, thanks to the magic of the Internet.

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