Web 2.0 - Thursday, April 3, 2008
NBC and Telefónica Back Recommendation Service Loomia
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San Francisco-based Loomia has raised $5M in Series A funding from strategic investor Peacock Equity (NBC) and Telefónica Capital as well as Asset Management Company.
Loomia provides media and retail sites with recommendation and personalization services to help visitors find things they like, increase site activity, and improve merchandising. It recently launched its SeenThis application for Facebook users.
The Loomia recommendations service is a hosted service that can be used for all types of retail goods and media items as well as news, financial information, and travel and entertainment listings. It works transparently within the pages of a site, taking user input in the form of site activity, purchases and ratings, and then producing lists of relevant items for display throughout the site.
The firm is led by CEO Dave McMurtry who was a Director of Corporate Development at Intuit. Among Loomia's competitors is Kleiner Perkins-backed Aggregate Knowledge.
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