Loomia Raises $1.5 Million In Debt
Loomia is a content recommendation service company that is based in San Francisco, California. The company has recently raised $1.5 million in debt funding according to an SEC filing. Last year Loomia raised $5 million in funding from Peacock Equity, Asset Management Company, and Telefonica Capital SAU. Some of Loomia’s recommendation solution customers include TIME, Motor Trend, Panasonic, and FOX Business.
Essentially Loomia monitors what type ads that website visitors respond to and shows them more of those ads. This way its better for advertisers and publishers to keep potential customers engaged. Loomia was founded by Francis Kelly and David Marks.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry