Qloo raises $4.5M

What does Qloo do?

Qloo, is an iOS app which makes personalized recommendations across a wide range of categories. It is a platform for personalization across all of entertainment and culture. The company currently covers film, music, TV, nightlife, dining, apps, books, travel and hospitality. There are a lot of other content discovery platforms, but this company wants to differentiate by offering suggestions across the above mentioned 8 verticals with its patent pending, proprietary recommendation engine. So users do not have to visit individual sites or apps such as Prescreen, Goodread or Soundwave and is very handy for the mobile users. To use this app, users have to select at least 4 categories and enter on their favorite things in each.

How much Qloo was funded?

The company raised $4.5M in Series A on June 15, 2016 from Adriaan Ligtenberg, Barry Sternlicht, Pierre Lagrange and Leonardo DiCaprio.

Previous funding

• $1.4M on March 18, 2013 from Kindler Capital, Cedric the Entertainer and Danny Masterson
• $1.6M on August 10, 2014 from Hussam Khoury, Tommy Thompson, Samih Toukan, Danny Masterson, Kindler Capital, Cedric the Entertainer, Abhik Kumar and MDC Dream Ventures

What is next for Qloo?

The company has announced its free app. The company lets users in Chicago, New York City, London, Los Angeles or San Francisco take advantage of its hyper local recommendations. The company has plans of adding more cities on an ongoing basis. The company plans to release an Android app by the end of 2016, followed by a tablet version.

More about Qloo

Qloo was founded in 2012 by Jay Alger and Alex Elias. It has its headquarters in New York, NY. This app helps the iOS users in discovering culture and entertainment based on their taste. Its recommendation engine source data from a group of 25,000 tastemakers who enter over a million things into the private beta of the app.