Key notes: Shopsy is a mobile application that enables Instagram users to purchase products they discover on Instagram.
Office address: 156 2nd Street, San Francisco, California, United States
Description: Shopsy is the place to shop for products discovered on Instagram. From big brands to small boutiques, there are tens of thousands of retailers on Instagram. There are also thousands of fashion bloggers on Instagram who promote products from these retailers, but are unable to monetize from doing so. When Instagram users want to purchase a product posted by a retailer or fashion blogger on Instagram, they are forced to the retailer’s web-based application only to encounter a tedious and usually-abandoned search for that product. There is currently no efficient process that lets Instagram users purchase products that they come across on Instagram, resulting in retailers losing out on revenue opportunities. Shopsy is the only platform that lets Instagram users purchase products that they see on Instagram. By building into Instagram’s API, Shopsy will provide the 150+ million Instagram users with a simple product discovery and purchase process. Shopsy lets anyone create content by posting an Instagram photo of a product with a website URL of where the product can be purchased. Shopsy pulls the user’s Instagram social content, including followers, following, likes, and comments. Put simply, Shopsy allows anyone to convert a retailer’s Instagram followers into sales. Shopsy will also offer its users the ability to search for products or shops. Content creators will also be able to share their products to Facebook and Twitter, as well as promote their shops to Instagram.
http://www.crunchbase.com/organization/shopsy
$ 200,000 over 2 funding rounds.
| Date | Name | $ Invested | Crunchbase link |
|---|---|---|---|
| 2012-01-25 | convertible_note | $ 100,000 | Detailed data |
| 2013-03-27 | seed | $ 100,000 | Detailed data |
| Round Date | Round Name | Investor | Crunchbase Link |
|---|---|---|---|
| 2012-01-25 | convertible_note | Right Side Capital Management | Investor Profile |
To update the information on funding or number of employees, please do that directly on Crunchbase.
Created: 22-Jul-2012, 14:31
Last Crunchbase update: 15-Jul-2020, 05:10
Last modified: 03-Mar-2021, 05:10
Country: USA