The Hunt raises $10 million in funding
The Hunt is a website that helps shoppers finding specific items to buy online. The company has raised $10 million in funding from Khosla Ventures and Javelin Ventures. The Hunt has now raised a total of $15.5 million. Ben Ling of Khosla Ventures is going to be joining The Hunt’s board of directors.
The Hunt offers a community-driven shopping experiences to allow consumers to find and purchase items that are found on social networks. The website allows users to post “hunts,” which are unidentified clothing items from Tumblr, Pinterest, and other sources that they want to find. Community members look into the items to identify the exact product or will suggest other ones.
The Hunt has 500,000 active users (MAUs) and 100,000 daily active users (DAUs) on mobile devices. The average user spends around 9 minutes per session on The Hunt and over 2 million Hunts have been started.
Other investors that have put money into The Hunt include celebrities: Tyra Banks, Ashton Kutcher, and Guy Oseary.
The Hunt uses an affiliate model for purchasing products to generate revenue.