Rapleaf Secures Angel Funding

San Francisco, CA - June 11, 2006 -- Rapleaf announced the company has raised $1 million Series A angel round of funding, led by Peter Thiel, Eric Di Benedetto, Aydin Senkut, Ron Conway, Jeff Clavier, Oliver Jung, Michael Birch, and other Silicon Valley angel investors.

"There is a need to make the Internet a better place to do business, and we see Rapleaf filling that need.," said Thiel. "The team has great potential to achieve what has not been done before in the online reputation space and I'm excited to be involved in the company."

The new funding will enable the company to build the founding team, including engineers, and market the reputation platform. The company will also focus on strengthening the product and securing fraud prevention measures.