Tapiture raises $2.25 million in funding
Tapiture is a social commerce service that has raised $2.25 million in seed funding. This includes $1.25 million in new funding and a $1 million convertible note from last year.
This round of funding was led by JUMP Investors, with participation from Barry Sternlicht, Herb Simon, Brad Keywell (Groupon co-founder/Lightbank), Brian Lee, Sam Bakhshandehpour, Dave Leyrer, Happy Walters, Hilary Swank (celebrity), Dwight Howard, and Amar’e Stoudemire. Randall Kaplan of JUMP is joining the board of directors at Tapiture. Tapiture receives around 3 million monthly unique visitors and is hitting 100 million monthly page views.
“Tapiture’s traffic and revenue growth proves that consumers are looking for a new avenue to discover and share unique content – whether related to personal style, art, design, travel, food, or entertainment,” stated Tapiture CEO John Ellis. “This infusion of new capital will allow our team to aggressively pursue our market and merchant expansion efforts as we shape the future of social commerce.”