Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here
Social daily deals and shopping website Sneakpeeq announced Friday is has raised $2.67 million in funding.
Sneakpeeq is attempting to replicate the shopping experience you’d have in a physical store. What type of experience? Well, think about walking into a fancy shop, picking an item off the shelf, turning it over, and checking the price tag. Sneakpeeq recreates that by, for example, making you click a “peeq” button to see a price rather than blatantly displaying them. The Peeq button brings to mind Amazon’s “add to cart to see the price” practice, which can be irritating. Sneakpeeq isn’t trying it to be annoying; every time you click the button, you can get a discount on your purchase. It still adds an extra step to the buying process, but at least it doesn’t feel like extra work. You get a specific amount of “peeqs” per day and can earn more by interacting with the site.
It wouldn’t be a social shopping site without some Facebook integration, and the company encourages you to share items you want to buy with your Facebook friends. Buy sharing, you get “badges” that you can redeem for discounts and more peeqs. Sneakpeeq also has a Facebook integration that can post to your timeline every time you “peeq” at a price.
Sneakpeeq joins the ranks of many other discount social shopping sites, such as Fab.com and LuxeYard. Most of these sites, Sneakpeeq included, focus on action-driven buying, which encourages shoppers to share products and interact with other shoppers to get better prices.
The new funding comes from Bain Capital Ventures, Metamorphic Ventures, Keith Rabois, Tim Kendall, Mike Murphy, and Vikas Gupta. It will be used for new site features, including gift buying, mobile apps, and video features.
Sneakpeeq is based in San Francisco, Calif.
[Title image (not pictured above) via Shutterstock.]
VentureBeat’s VB Insight team is studying marketing analytics...
Chime in here, and we’ll share the results