News Brief
Become.com Raises $8 Million For European Expansion
Jul 18, 2008, 7:00 AM
Comparison-shopping site Become.com has raised $8 million in fourth-round financing from the European Founders Fund. That brings the company's total investment to date to $37.2 million.
In announcing the investment, Become.com's founder and CEO Michael Yang said the company plans to use the capital to enter new markets in the U.K., Germany and France.
Run by three brothers--Marc, Oliver and Alexander Samwer--the European Founders Fund in Germany has previously invested in LinkedIn, Facebook and online video network Tremor Media.
Become.com's search engine indexes 4 billion Web pages to come up with the most relevant product reviews and guides along with links to retail sites. Faced with a slowing economy, consumers are increasingly turning to comparison-shopping sites like Become.com to find the best prices, comScore said last month.
--Mark Walsh
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