Shopping search engine Become.com raises $7m
1 June 2005
A new shopping search engine has reported that it has raised an extra $7.2 million in venture capital.
Become.com wants to be a price comparison destination for online shoppers and company executives claim that the series B round of venture funding will help them focus on the task. The company aims to enable shoppers to find results like buying guides, articles, and forums related to a searched-for product.
Become.com's founders, Michael Yang, and Yeogirl Yun, were also the founders of mySimon.com, acquired by CNet in February 2000 for $700 million. The search engine is currently in beta testing stage and the company has also hired Jon Glick, formerly of Yahoo!, and Greg Haslam of NexTag as executives.
The website announced that the Transcosmos venture capital group led the latest funding round, while angel investors Rob Conway and Bob Bozeman also gave money.
With proceeds from the round, Become.com will unveil its price comparison shopping service this summer.
"We are very pleased with the additional investment from Transcosmos and the other investors, all of whom have great confidence in Become.com as the next generation search engine for shopping." said Michael Yang, Founder and CEO of Become.com. "The feedback we have received from current users has been overwhelmingly positive and we look forward to delivering our price comparison shopping site this summer."
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