KoalaDeal
Chicago · Founded 2011
About KoalaDeal
We do for e-commerce what Pandora has done for music, Mint for finance, and Tripit for travel. Namely, understand our users preferences without manual data entry and make relevant recommendations for them. There are tons of ways to find great deals on the Internet, but all of them are approaching the space backwards ’ focusing on inventory they have and trying to figure out how to segment customers to market to them. KoalaDeal data mines various accounts to build a detailed, personalized profile of each customer and brings the best deals to them. The Problem: 63% of adults search 2-10 sites a week looking for internet deals, and 11% look at more than 10. 25% admit to spending more than 30 minutes per week looking for deals. Our Solution: Take users' personal information such as receipts in Gmail or Facebook interests and use that to recommend the best deals for them. Our Advantage: We are developing proprietary technology in the form of a smart, improving algorithm to learn users' tastes and make the best recommendations. This algorithm may also have the potential to be patented. We will also have a first-mover advantage; as we quickly scale up to acquire customers, Metcalf's Law creates barriers to entry because of the value of user data.
Company Facts
- Founded: 2011
- Operating status: Closed
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Total funding: $410.0K
- Funding stage: Seed
- Last round: Seed (Apr 2012)
- Website: koaladeal.com
- Phone: 312-569-9431
Social Profiles
Canonical: https://fsome.com/organization/koaladeal-8459995 · For the full interactive profile (charts, investors, team, acquisitions, press), please enable JavaScript.