raises USD8m for price comparison site

Price comparison site has raised USD8m in a fourth round of funding from unnamed investors. The round, reported by VentureBeat, was confirmed by the firm, which would not disclose the investors’ identities. The investment follows a USD17.5m Series C round earlier this year and brings the total capital raised by to USD37m.

California-based offers a product search engine and a price comparison tool, working together with merchants and e-commerce site owners. Founded in 2004, the company claims to index 5.6bn web pages using proprietary search technology, listing more than 25m products from 5,000 merchants.

Electronic sales generated revenues of USD33.8bn in the US last quarter, a 13.6% increase from Q1 2007, according to estimates by the US Department of Commerce. The department estimates that e-commerce accounted for 3.3% of total sales in the US last quarter.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast;

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