The corporate venturing units of US-based search engine Google and US-based internet services provider AOL have joined several unnamed strategic investors in backing the seed round for US-based price tracker Shopobot.
Google Ventures and AOL Ventures have backed Shopobot after it was founded six months ago, although the amount they invested was undisclosed. The company was formed in January this year when the founders were accepted to the AngelPad accelerator programme, a start-up incubator set up by a group of ex-Google executives.
Shopobot collects and analyses prices of online websites and gives users recommendations of when and where to buy at the best price.
The company was also backed by Lucas Nealan, a former engineer at US technology company Facebook, Jump Ventures, and members of the funding network AngelList.