Recommendation engine Loomia Closes $5M Series A Funding
Centernetworks reports that San Francisco-based Loomia has closed a $5M Series A round of funding today to accelerate Loomia’s rapid growth, including continuing the build-out of its world-class recommendations platform and expanding its sales and marketing efforts in the U.S. and internationally. Read Loomia’s press release here.
The round was led by venture capital firm, Asset Management Company, and two strategic investors: Peacock Equity, the joint venture between GE and NBC Universal, and Telefónica Capital S.A.U.
Other players in the same market include Aggregate Knowledge ($25M raised), ChoiceStream ($13.1M in Series B), Criteo (€10M), recently acquired CleverSet (sold for $10M) and of course Strands ($55M raised).
