The Hunt Secures Seed Funding From Hollywood's 'A-List'
Fast-Growing Style Site Continues Momentum with Investment from Ashton Kutcher
and Guy Oseary's AGR-ade Investments, Rohan Oza, RedOne and others
SAN FRANCISCO, April 16, 2013
SAN FRANCISCO, April 16, 2013 /PRNewswire/ --The Hunt, the first
community-driven online shopping experience that makes social media photos
shoppable, announced today its second close of seed financing from a series of
high profile investors. Among the group are Ashton Kutcher and Guy Oseary's
AGR-ade Investments, Rohan Oza (who made Vitamin Water and Pop Chips household
brands), RedOne (the Grammy-winning producer behind Lady Gaga and Jennifer
Lopez), Keli Lee (EVP of Casting for ABC Entertainment Group), Anjula
Acharia-Bath (CEO of Desi Hits) and Michael Banks (noted media investor).
Today's funding brings the company's total seed round to $2.7M.
The company has gained high profile investors based on its unique approach to
solving online shoppers number one pain point – where to find the products
seen in tens of millions of images shared on blogs, photo apps and social
media platforms including Facebook, Instagram, Pinterest and Tumblr.
Following its public launch in January, The Hunt has grown to one million
monthly unique visitors and hundreds of thousands of active members that have
started over 100,000 hunts and found over 200,000 products for each other.
"Our fast growth is directly attributed to the nature and involvement of our
passionate community, and the opportunity we are addressing – helping
consumers identify and shop for street-style looks seen globally through
images shared across the Internet," said Tim Weingarten, founder and chief
executive officer, The Hunt. "Today's funding announcement from an
extraordinary line up of investors further validates the strength and
uniqueness of what The Hunt offers its members."
For AGR-ade, investing in The Hunt underscores their focus on identifying
technology-driven companies that are addressing a consumer need and are doing
so with flawless execution. Already one of the most active and experienced
investors in social commerce, AGR-ade's investment in The Hunt is based on the
large market opportunity they foresee and their own identification with the
shopping pain point the site is solving. AGR-ade recognizes that The Hunt
represents a major step forward in the evolution of online shopping.
As time spent online and mobile rapidly shifts to sites and apps with the most
visually appealing images, the nature of how consumers discover the styles
they want to wear and buy is also changing. While the visual web provides for
limitless discovery and inspiration, it creates a new problem, which is the
impossibility of translating the discovery of a trend or style from a user
generated photo into a set of products that match the look and your budget.
The Hunt provides the ideal community to achieve this by making millions of
online images shoppable and by enabling its members to provide styling advice
to each other. The site provides a true social shopping experience, allowing
consumers to find and buy products based on suggestions from others, in real
time and at a scale that only the Internet can afford.
This round of funding will bolster the company's engineering team, support
marketing efforts, and provide the necessary runway for continued company
The Hunt is a community-driven online shopping experience that makes it easy
and fun to shop for the things you see in photos on sites like Pinterest,
Facebook, Instagram and Tumblr. The Hunt is an evolution in online shopping
and solves shopper's foremost pain point when browsing these sites: where to
actually purchase the item in the photo. Based in San Francisco and co-founded
by tech entrepreneurs Tim Weingarten and Simon Peck, the company is a seed
stage startup that has raised $2.7M in funding led by Javelin Venture
Partners.For more information, please visit www.thehunt.com.
JCUTLER media group
SOURCE The Hunt
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