SiteWit, a automated search engine marketing service for SMBs, has raised over $1.5 million to close its Series A round of financing. Stage1Ventures is a proud investor in this round.

"I believe SiteWit has a unique opportunity to grow tremendously by helping small and medium sized businesses worldwide significantly increase revenues," says Jon Gordon.

“We are pleased with the capital commitment and confidence expressed by Stage1Venture investors and our other recent investors,” stated Ricardo Lasa, CEO of SiteWit. “With these investments and our focus on the SME market we have the ability to become the leader in this space.”

Additional information can be found in the peHUB article, or on the SiteWit blog.

Marxent Labs a stage1ventures portfolio company, recently showcased several augmented reality app examples in a YouTube highlight reel. This reel shows how retail customers have used Marxent Labs technology to engage customers in a unique way. The Marxent Labs video can be viewed here.

PureCars, a stage1ventures portfolio company, was recently featured in a cover story by Digital Dealer, a retail automotive industry news provider. "From Search Engine to Showroom" describes PureCars unique approach towards helping dealers rise above the clutter and help them "win the click" in the changing world of online car sales. The complete article can be found on the Digital Dealer website.

PureCars, a stage1ventures portfolio company, was recently interviewed by CBT News, a retail automotive industry news provider. The video interview can be viewed on the PureCars website.