The Curalate team just got $27.5 million to continue its quest to revolutionize e-commerce.
Curalate has a bold mission: Reshape the $1.6 trillion e-commerce market by capitalizing on the increased use of photos online.
The Philly-based tech company just closed a whopping $27.5 million venture capital round and seems poised to stay on top of the ever-changing market. The round was led by New Enterprise Associates and actually amounted to more than all of Curalate’s previous raises combined. The company has now raised $40 million to date. Other investors were MentorTech and First Round Capital.
Curalate currently works with 800 clients like Urban Outfitters, BuzzFeed, Crate & Barrel and Nordstrom. The company created a suite of products which includes: Like2Buy that makes Instagram shoppable; Visual Insights which tells a brand which of its images were shared on social networks like Facebook or Pinterest; and Reveal, which links the images on a retailer’s website with purchase pages, limiting the amount of clicks it takes to get a customer finished with a purchase. Read more »
Luke Butler with Mayor Michael Nutter. (Photo courtesy of Luke Butler. Copyright City of Philadelphia. Photograph by Kait Privitera.)
With the Michael Nutter administration officially coming to a close on Monday, one of his top aids has landed a new gig.
Luke Butler served as the chief of staff to the Deputy Mayor for Economic Development since April 2012 and was with the Nutter administration for its entire eight-year tenure. On Monday, Butler announced that he’s joining Curalate — a Center City based digital marketing company. He’ll serve as strategy and operations manager. Read more »
Marvin Weinberger, who faces a funding shortfall at his Philly co-working space Venturef0rth, blasted the local tech community last week. He said he’s “continuing to lose a few thousand dollars a month” and has “quietly turned to some pillars of the community for assistance, but have been rebuffed (often rudely).”
There are two sides to every story but Weinberger’s struggle to find tenants at his startup space raises a more important issue about Philadelphia’s tech community. Is it for real? And, more importantly, do we care? Read more »
Curalate, a Philly-based tech start-up with 45 employees, got $8.6 million in funding. Re/code’s Jason Del Rey reports New Enterprise Associate (NEA) led the funding; it had previously invested in Curalate.
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