[April 19, 2013] The Hunt Receives Seed Funding from Hollywood's 'A-List' Tweet Apr 19, 2013 (Close-Up Media via COMTEX) -- The Hunt, a community-driven online shopping experience that makes social media photos shoppable, announced its second close of seed financing from a series of high profile investors. According to a release, 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). The April 16 funding brings the company's total seed round to $2.7M. The company has gained high profile investors based on its 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. This round of funding will bolster the company's engineering team, support marketing efforts, and provide the necessary runway for continued company growth. More information: www.thehunt.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]