Koozoo Raises $2.5 Million In Seed Funding
Koozoo is an online video platform that has raised $2.5 million in seed funding led by New Enterprise Associates and Tugboat Ventures. The angel investors that participated in this round include Dave Moellenhoff (Salesforce.com co-founder and former CTO) and Michael Covarrubias (TMG Partners chairman and CEO). Koozoo is a crowd-sourced network of smartphone video cameras that continuously broadcasts. Koozoo wants to unlock the potential of shared live video of the world’s public places.
“Koozoo is the first platform to make live views of the world’s public places easily accessible to one and all,” stated Koozoo co-founder and CEO Drew Sechrist. “It’s incredible that today we can instantly look up an old friend or nearly any factoid, but we still can’t easily find answers to simple questions about what’s happening right now — like how long the line is at the coffee shop or whether or not it’s foggy at the beach. That’s the basic problem Koozoo aims to solve.”
Koozoo is currently in beta mode. The company is based in San Francisco and will be launching in early 2013.
[Source: PEHub]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry