Shopobot Closes Seed Funding

Shopobot, a San Francisco, CA-based free web service that tracks the price changes at stores, and identifies the best time and place to buy, has closed a seed funding round of undisclosed amount.

Investors include Google Ventures, AOL Ventures, and other strategic investors including Lucas Nealan – an early Facebook engineer – and Jump Ventures.

The company intends to use the funds to expand the service from cameras and consumer electronics, into sports equipment, appliances, and other areas.

Founded in January 2011 (when the company joined the AngelPad accelerator program) by Julius Schorzman, CEO, and David Matthews, Head of Product, Shopobot aims to help people have access and transparency into price changes offered by online retailers and save money on things like cameras, games, and sports equipment.
It has just opened its website to the public.



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