Mobile search app company Everything.me has announced that it has raised $3.5 million in a financing round led by Hong Kong-based Horizons Ventures. This latest funding joins previous rounds from Draper Fisher Jurvetson, BRM Group and DFJTFV and brings the total sum raised by the company to $12.5 million.
The company said that the funds will be used to "galvanize its drive towards an entirely new paradigm in mobile search."
Everything.me co-founder and CEO Rami Kasterstein said the Horizons Ventures investment signals confirmation of the company’s direction. He added, “Horizons Ventures’ deep focus in emerging Internet technologies and investments in companies like SIRI, Facebook and Spotify make them the perfect complement to our great team of investors. We look forward to working with Horizons to leverage their valuable insights and networks.”
Founded in May 2010 by former Aladdin executives Kasterstein and Ami Ben-David together with Joe Simhon, Everything.me released its proof-of-concept under the name DoAT in May 2011. After several months of testing and gathering user input, the company is getting ready to launch its new mobile search app. The app, called Everything.me, fundamentally changes the mobile search experience by replacing traditional link-based search results with instant, mobile-optimized access to “Everything about Anything.”
Horizons Ventures director Jason Wong said, “We believe the market is ripe for disruption in mobile search and that a groundbreaking approach is needed to force this disruption. We have made this strategic investment because we believe Everything.me is the mobile search for the smartphone age.”
The beta of Everything.me was recently launched as a mobile web HTML5 version, allowing both iPhone and Android users to sample the product. The company is developing native versions for iOS, Android and Windows Phone devices that will be released in the coming months.
Published by Globes, Israel business news - www.globes-online.com - on April 1, 2012
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