Yummly, Inc., a Silicon Valley-based company that is developing a semantic recipe search and recommendations platform, has raised $1.85m in seed funding.
Investors include Harrison Metal Capital, Intel Capital, First Round Capital and angel investors.
In conjunction with the funding, Michael Dearing of Harrison Metal Capital and angel investor Marcia Hooper, will join the company’s board of directors.
Yummly intends to use the capital to develop new features, hiring new professionals and make other infrastructure investments.
Founded in 2009, the service is designed to enable individuals to find and customize recipes based on their personal taste, nutritional and dietary preferences. According to the company, it employs algorithms that enable it to ‘understand’ more than 15,000 food ingredients on a variety of levels (including nutrition, price, taste, diet, potential allergens, etc.).
FinSMEs
17/11/2010