Tuesday, November 24, 2009

Milo.com Snags $4M For Local Shopping Site

Palo Alto-based Milo.com, an online shopping site focused on local shopping, announced today that it has raised $4M in a Series A funding. The funding was led by True Ventures, as well as a slate of angel investors. Milo's site allows users to search for products online and purchase their products at local vendors, and ties into those local vendors' inventory systems. Angel investors in the round included Magid Abraham (comScore), Harris Barton, Jeff Clavier, Ron Conway, Chris Dixon (Hunch), Russ Fradin (Adify), Kevin Hartz (Eventbrite), Jawed Karim (YouTube), Len Lodish (Wharton), Aaron Patzer (Mint), Keith Rabois (Slide), Aydin Senkut (Felicis Ventures), and Maurice Werdegar (WTI). More information »