Reclip.It is a social couponing and deals-discovery site that extracts interest data from Facebook to identify brands and products a user might like and notifies them when those products go on sale. Users can follow other Reclip.It users and 450 blogger curators, 'reclip' deals, and claim offers through the platform. The product applies machine learning to refine relevance based on the deals users reclip and claim. Engagement metrics reported include 62% of users active weekly, an average of about 1 hour and 13 minutes on the site per month, and two deals claimed per visit. The company is growing 30% month over month, and deal clipping increased from 1,000 to 4,000 deals per day since private beta. The team, led by CEO Cheryl Yeoh and formed out of the CityPockets team, relocated from New York to Silicon Valley to join 500 Startups’ accelerator. Financially, Reclip.It has raised a total of $840,000 from a mix of investors.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2012