San Francisco – Koozoo, the San Francisco-based developer of an online network that lets users see and share live views of public places, said it has raised $2.5 million in a seed round, co-led by New Enterprise Associates (NEA) and Tugboat Ventures.
Other participants included angel investors Dave Moellenhoff, the co-founder and former chief technology officer of Salesforce.com, and Michael Covarrubias, the chairman and CEO of TMG Partners.
Currently in closed beta testing in San Francisco, Koozoo is a crowd-sourced network of continuously broadcasting smartphone video cameras. Members download the company’s app to an old smartphone and point the device out of a home or office window to share a live view. (To participate in the beta program, San Francisco residents can send a picture of their view to email@example.com.)
The company expects to launch the service publicly in early 2013.
“It’s incredible that today we can instantly look up an old friend or nearly any factoid, but we still can’t easily find answers to simple questions about what’s happening right now — like how long the line is at the coffee shop or whether or not it’s foggy at the beach,” said co-founder and CEO Drew Sechrist. “That’s the basic problem Koozoo aims to solve.”
This article was also published in Bay Area Tech Wire.
Koozoo – http://www.koozoo.com