Local search company closed an over-subscribed $1.3M offering with backing from Fortify.vc, Ed Mathias from The Carlyle Group, Tim Sykes from Investimonials, Paul Silber from Blu Venture Investors, and others.
POTOMAC, MD, Seva Search Inc., a local search company, has closed an over-subscribed $1.3 million share offering.
Backing came from a group of investors, including Fortify.vc, Ed Mathias from The Carlyle Group, Tim Sykes from Investimonials, Paul Silber from Blu Venture Investors, and others.
The Potomac, Md.-based company was founded by CEO Gurpreet Singh, Manpreet Singh, and Amandeep Bakshi.
Seva Search said that it would use the proceeds to improve and market its first product, Seva Call, a local search engine that connects consumers with local businesses.
Jonathon Perrelli, a board member and investor from Fortify.vc, said "Seva Call is disruptive yet simple to use, and it provides instantaneous value to both the consumer and local businesses."
Seva Call matches consumers and local businesses based on signals that include online ratings and reviews, social reputation and interaction, call analytics, and other forms of consumer and business feedback. Consumers can also get calls back from qualified businesses quickly.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about