LivingSocial Teams up with SeatGeek

Groupon Set to Release Third Quarter Financial Results Today

Groupon Updates Deal Builder

Sneakpeeq.com Snags Another $7.5 million in Venture Capital Funding

Take a peeq at this 15 month old company

Sneakpeeq Incorporated has managed to sneak in another $7.5 million in venture capital funding in order to keep the ball rolling and stay in the daily dealing game. This round of funding is detailed in a recent Security and Exchange Commission (SEC) filing. In January, 2011 many may recall the emergence of Sneakpeeq as it came out of hiding after it had raised $2.6 million.

The company’s goal is to deliver users customized daily deals in housewares, apparel, food, and other categories based on personal information. Customers spend ‘peeqs,’ which can be earned in various ways. Sharing deals via social media networks such as Facebook is one such way. The company has also gamified the site by hiding badges and price reducing rewards beneath the peeq button.

The San Francisco, California based company offers a plethora of products online at prices that may be discounted by as much as 70%. The leader of sneakpeeqers is none other than Harish Abbott. If that name sounds familiar, it should. Abbott was formerly at Lulu.com where he served as Chief Product Officer.

Abbott worked at Lulu.com for over three years and decided it was time to branch off on his own. Taking what he learned, he co-founded Sneakpeeq and is now acting Chief Executive Officer of the company. His partner in crime and co-founder, Henry Kim is president of Sneakpeeq. Mr. Kim was a former operations partner at BMEquity. Henry received his MBA from Stanford working at Morgan Stanley as an analyst at the same time.

The Venture players

This latest round of funding includes Bain Capital Ventures. Bain’s managing director Ajay Agarwal is also on the board of directors of Sneakpeeq. FirstMark capital is also participating. Its managing director Rick Heitzmann also has a spot on Sneakpeeq’s board.

The company has added several employees since its inception. Sneakpeeq feels this latest round of funding will propel them during its next growth phase. There are currently career opportunities available for those that may want to dive into the daily dealing waters. Feel free to check out sneakpeeq.com/company/careers.

For those that simply want some fantastic products at discounted prices head on over to sneakpeeq.com. There is no pressure. Just sneak on over to the site and who knows, there may just be something there that peeqs your interest. 

About Sneakpeeq.com:

At sneakpeeq, you’ll aways ‘Find What You Love!’ We bring you new discoveries every day, from gourmet foods to home products to accessories and apparel at prices so low we have to keep them private.

There are millions of wonderful companies creating amazing products just waiting for you to use them; all they need is a platform to be seen and shared. That is why sneakpeeq exists!

From exciting new products by brands you already love, to awesome products by brands that we know you’ll love (once you meet them), sneakpeeq is your destination for discovery! Shop with us and share something amazing! Our mission is to bring you the undiscovered at scandalously low prices.

In addition to introducing all things you love, we’ve hidden tons of fun badges and price reducing rewards beneath the peeq button.

Additional discounts will be held individually in your account from the badges and rewards you unlock. The more you buy, share, love, and peeq, the more incentives and surprises you’ll receive. Spend them at anytime, and pay your special price for that thing you love. Check back often because we have new brands and products asking to be discovered daily!

Source: Business Times

 

 

Don Young

Don Young, Jr. is a beat writer for Daily Deal Media, the number one resource for the Daily Deal Industry. Don has spent over a decade as a stock broker / advisor focusing on fundamental and technical analysis. Prior to that he was the sole proprietor of The Tile Guy , based in Portland,Or. completing multitudes of both residential and commercial projects in the Pacific Northwest. Don enjoys researching new businesses , market forecasting, traveling, cooking, volleyball , golf and relaxing with family and friends.
Newsletter
DDM Reports
The 2014 Edition of the DDM Daily Deal Publisher Directory is the most comprehensive contact list for daily deal sites, flash retailers, aggregators and individuals operating in the daily deal industry. Each record includes the following: - Company Name - Website - Contact Name - Contact Title - Email - Phone - Address (not all records contain a full mailing address)
The 2013 Media List is a comprehensive database of all major media, bloggers and product/app review websites. If you're looking for PR distribution, this is a great list to begin with. Each record includes: - Contact Name - Publication Name - Website URL - Address - Email - Description
2.7M Consumer Subscribers. This data has been aggregated from a number of websites, which include daily deal sites that have gone out of business. Data includes: - Full Name - Address - Phone Number - Email - Signup Website - IP Address - Date of Signup Data will be delivered via a dropbox link in CSV format.