Totspot Secures $1,800,000 Seed Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9371e8e2-6b83-443a-bc5b-428215221bc0 - Date
10/13/2014 - Company Name
Totspot - Mailing Address
70 N 7th St. New York, NY 11211 USA - Company Description
Totspot is a mobile marketplace for moms to shop and sell kids fashion. $50B is spent on kids fashion (clothes, shoes and accessories) in US every year. That is $50B added to kids closets every year. Totspot is a delightful shopping experience where moms can shop kids closets directly and save up to 70% vs. retail. - Website
http://www.totspot.me - Transaction Type
Venture Equity - Transaction Amount
$1,800,000 - Transaction Round
Seed - Proceeds Purposes
The new financing allows the Company to quickly scale its online presence and support the launch of an Android app, which is expected in Q4 2014. - M&A Terms
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