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Loomia Raises $5 Million Series A Financing

Thursday, April 3, 2008 5:37:00 AM PDT | VentureDeal Staff
SAN FRANCISCO, CA -- Internet company Loomia said that it has completed its first round of institutional venture capital, securing $5 million.

Loomia has developed a Web-based recommendations platform that "empowers consumer discovery of content and products related to their individual interests."

Asset Management Company and Peacock Equity led the round, which included additional investors.  The company said the funds would be used for sales and marketing expansion in the U.S. and internationally.

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