Zipzoom is an Ontario, Canada-based startup operating an online marketplace that connects 'ready-to-buy' consumers with 'ready-to-sell' local and national businesses. The company recently launched a beta of its service where registered users submit queries describing what they need and receive multiple quotes from local vendors. Users can interact anonymously and the service is free to consumers. Zipzoom secured $2.2 million in angel funding from a number of private investors to support its launch. The model depends on ramping both supply (business participation) and demand (shoppers), which the article notes may require more capital than the current round. The company faces the additional challenge of persuading users to switch from search engines like Google or Bing to its platform at scale.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2011