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Snooth Receives $1 Million Angel Round
NY-based Snooth has announced a $1 million angel round of financing today. This is in addition to their previous $300k funding round raised in December 2006.
Snooth is a data aggregator - they pull in content from thousands of sources. Snooth claims to be a "social shopping site" and their recommendation engine also provides customized selections based on stated preferences and user feedback. The more information a user gives on wines they enjoy, the more personalized and detailed the recommendations become. Snooth also maintains a wine database with over 1.9 million reviews for over 300,000 wines.
The new funds will be used to scale the development team, integrate the current backlog of merchants that have already partnered with Snooth, and add new retailers worldwide.
Check out our write-up of Snooth from the NY Social Networking Meetup from earlier this month.
