Search Engine Retrevo Secures $3.2 Million in Series B Financing

WebKnowHow
Friday, January 5, 2007; 09:43 AM

Retrevo today announced that it has secured $3.2 million in Series B venture financing led by Norwest Venture Partners (NVP). Series A investor, Alloy Ventures, also participated in the round. Retrevo also announced that Matthew D. Howard, general partner at NVP, has joined the board. Retrevo, which launched last September at DEMO Fall, is the first dedicated search engine developed specifically for pre-purchase research, shopping and post-purchase support of consumer electronics. The new financing will be used to accelerate product development, strategic partnerships and marketing.

"Since we launched last Fall, Retrevo has been embraced by consumers seeking a single resource for all their consumer electronics questions," said Vipin Jain, founder and CEO of Retrevo. "This new round of financing will continue the expansion of Retrevo as a destination website for consumer electronics research, purchases and support."

Retrevo is a single source for all consumer electronics information, from the latest buzz and deals to hard-to-find product documentation. Retrevo helps consumers check community opinions, find pre-purchase information, monitor daily deals and get product documentation for technical support and troubleshooting. As electronic products become more complex and interconnected to other devices, Retrevo provides succinct information in 12 consumer electronics categories, including cell phones, smartphones, cameras, camcorders, home audio and home video, portable audio and portable video, printers and wireless networking (WiFi).

"We invest in companies that develop innovative technology solutions for large markets," said Matthew D. Howard. "We see great opportunity for Retrevo's unique approach to developing a one-stop destination for consumer electronics research, shopping and troubleshooting."

"Retrevo has demonstrated its ability to not only see the opportunity but successfully execute its strategy," said Ammar Hanafi, general partner, Alloy Ventures. "We are excited about our ongoing support and the opportunity that lies ahead of us."

Retrevo will be showcasing its technology at the Consumer Electronics Show (CES) during ShowStoppers CES 2007 on Monday, January 8, 2007 from 6:00 to 10:00 p.m. at the Wynn Hotel in Las Vegas.