The world’s first transactional advertising discovery engine (DEO), that enabled major brands, like Procter & Gamble, Best Buy, Coca-Cola, Transcontinental Publishing and Unilever to convert over 2 billion visitors on social media networks, blogs and other sites into online customers in one click of a button. MagNet received up to 10% revenue share of every product sold.
- IDG Ventures, Inc. (www.idgventures.com) invested $6.5 million.
- Partnership with Samsung, Boost Mobile to commercialize and monetize the first MagNet-powered smartphone.
- MagNet strategically partnered with Transcontinental Publishing, Inc. to develop promotional and transactional opportunities for their 6000 global and local advertisers and merchants across their 160 websites.