Spotsetter, a San Francisco, CA-based mobile social recommendations platform for places, closed a $1.3m seed funding.
The round was led by Javelin Venture Partners with participation from angel investors including Maximilian Thyssen, 2020 Ventures, Rahul Prakash, Entrepreneur and Partner of Coyote Ridge Ventures, and Euthenia Capital.
Led by Johnny Lee, CEO, and Stephen Tse, CTO, Spotsetter created a patent-pending ranking algorithm that leverages each user’s content across Facebook, Instagram, Twitter, and Foursquare and pulls venue content from more than 30 review sites and lists from trusted sources like Yelp, Zagat, New York Times, Michelin, and TripAdvisor.
To date, the platform has processed five million user profiles, 40 million venues, and one million curated venue content across the globe.
Currently, the app works on all iOS devices globally and the AngelPad startup announced the release of Spotsetter 1.2 in the iTunes App Store with plans to begin development for Android and other platforms later this year.
FinSMEs
07/08/2013