Some of Seattle’s top angel investors are tossing their support behind Zoomingo, the mobile shopping application developed by serial entrepreneur Shirish Nadkarni. Investing in the new round are former Facebook general counsel Rudy Gadre, former Smilebox CEO Andrew Wright and former Twango CEO Serena Glover. Total funding in Zoomingo, which raised $1.3 million from Benaroya Capital, Naya Ventures and others in 2011, now stands at just over $2 million.
Nadkarni is a well known Seattle entrepreneur, having previously founded online language learning service LiveMocha (which according to a SEC filing just raised another $240,000 in funding) and mobile e-mail startup TeamOn. Before jumping into the startup world, he worked at Microsoft for 12 years.
Nadkarni tells us that Zoomingo, an idea he developed while shopping with his wife, is growing fast on both Android and iOS as it helps shoppers find local deals at retailers.
The company is nearing a million downloads of the app, which has been featured multiple times in the Google Play store and featured on Oprah, Cosmopolitan and CNBC. Zoomingo, which has partnerships with retailers like Kohl’s and Best Buy, utilizes a smartphone’s GPS to pinpoint the best deals at local shops and malls. Users also can utilize Passbook to save the deals, and then get alerts set up when they arrive at the store.
“We will be utilizing the new funding to further accelerate our user growth as well as roll out a new In-Mall advertising program that will allow retailers to target Zoomingo shoppers with attractive offers while they are in the mall,” said Nadkarni.
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