Swoopo raises $10M more for “entertainment shopping”
Swoopo, an online auction site that claims to offer great deals and high entertainment value, has raised $10 million from August Capital.
The company is headquartered in Cupertino, Calif. and has a rather different approach to auctions. Instead of presenting a free-form bidding environment like eBay, Swoopo follows a very specific procedure — every item starts at 15 cents, and each bid increases both the price (in 15-cent increments) and, if you’re coming down to the… Continue Reading