Wednesday, April 30, 2008

Wishpot, the popular online social shopping community got Series A investment round

What Company Is Offering:
Wishpot, is a personal and social shopping utility that makes it easy to save, share and discover interesting products. Wishpot has developed a hosted solution for tracking personal wish list entries across any website on the internet. The free product, which is currently in beta, has already become a popular web site for social shopping.

How Much They Got From VCs:

Wishpot, the popular online social shopping community, announced the closing of a Series A investment round. The round, which added $1 million in funding, was led by Monster Venture Partners. Other investors in the round include H-Farm, an Italian Internet development group, as well as existing investors including Adrian Hanauer.

Rob Monster, Managing Director of Monster Venture Partners, has joined Wishpot's board of directors. "On the surface Wishpot is a consumer site that democratizes the online wish list across any site that sells products or services on the Internet. However, look a level deeper and you will see the power of being able to predict future demand in real-time segmented by user attributes."

Wishpot is planning to use the funds to further enhance its vertical offerings, improve the Wishpot platform, increase the business development activities, and introduce business analytics for enterprise customers of the platform.

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