Recommend Raises $1M in Funding

recommendRecommend, a French provider of a recommendation app, raised $1m in funding.

Backers included:
Xavier Niel – Founder of France’s 2nd largest ISP and co-owner of Le Monde,
Charles Beigbeder – Serial entrepreneur,
Carlos Da Silva – Founder of a Europe-based online travel agency, and
Guillaume Victor-Thomas – Web and online travel pioneer.
They joined 20 business angels who were involved in the first round of financing in April 2013 including Loic Le Meur (Seesmic, LeWeb), Patrick Jacquemin (Founder of Rueducommerce), Catherine Barba (ex Digital Factory and Malinea), Xavier Garambois (VP, Amazon European Consumer Business), Vincent Karachira (Founder and CEO of Next Performance).

The company intends to use the funds to further accelerate the development of its algorithm and products including a brand new Web App and upgraded versions of our iOS app in July 2014.

Led by Nicolas Mendiharat, founder and CEO, Recommend provides an app that enables users to find advice from friends and experts, save their own relevant experiences and share them with their network.
It works by personalizing advice and focuses on the quality of the network’s relationships and trust instead of crowdsourcing from strangers.

The company has a distributed team between Paris, Belgrade, Aix-en-Provence, Toulon and New-York.



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