Loomia snags $1.5M to recommend news, products

Loomia, maker of a recommendation engine that tells people what news to read and which products to buy, has raised $1.5 million in debt and rights, according to a filing with the SEC. Asset Management, Peacock Equity Fund and Telefonica have contributed to the San Francisco-based company before. It has raised about $6.5 million to date.

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Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

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