Like.com To Raise Huge Round Of Funding & Bring In Solid Revenues
Like.com is a visual search engine with a focus on shopping and consumption. According to VentureBeat founder, Matt Marshall, Like.com will be preparing to raise double digit funding within the next two weeks. The round of funding, provided by Menlo Ventures, will complement Like’s revenue success.
Like.com allows users to search for consumer products by specific details, colors, and find goods worn by celebrities. Like is working on a technology that allows users to upload photos and find similar goods. When consumers click through the goods on the search engine and buys it from retailers, Like.com shares the revenue. Like.com’s revenue is rumored to be close to $20 million.
To date, Like.com’s total funding is roughly $19.5 million, provided by Bay Partners, BlueRun Ventures and Leapfrog Ventures. Like.com is a spin-off from Riya.com. Riya.com was founded by Munjal Shah in 2004. Riya was rumored to be courted for an acquisition by Google 3 years ago for roughly $40 mill [GigaOM].