The Hotlist, a New York-based aggregator of geo-social data to calculate the popularity of specific events, completed an $800,000 angel financing round. The funds from the investment, which was led by Centurion Holdings, will be used to support The Hotlist’s platform development and formation of an expanded service suite.
The platform aggregates geo-social data to calculate the popularity of specific events based on their network of friends, enabling users to view detailed venue analytics and ratings so they can easily manage their social calendar. Since its public beta launch in March, The Hotlist’s website has received 100,000 unique monthly visitors, and the company has collected unique data from over 400,000 venues and 1.2 million upcoming events.
The management team of the company includes experienced executives drawn from social networking, IT, finance and quantitative analytics industries.
Commenting on the round, Gianni Martire, CEO of The Hotlist, said: “After a frustrating night out of trying to meet up with people all around the city, we were inspired to build this platform to simplify the process of finding friends, making plans and meeting up.
“We’re grateful for the initial support from Centurion and are thrilled about expanding on our dynamic offerings”.
The Hotlist, which was founded in September 2009, won a $25,000 grant from the NYU Stern Business Plan Competition. The company is located in the New York City-sponsored 160 Varick Street Incubator.
FinSMEs
13/05/2010