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Swoopo Overview

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Formerly Telebid, this unique auction shopping site where online customers buy “bids” in blocks, advance of an auction. Users bid, which increases the price of the product by 15 cents and the auction countdown by up to 20 seconds. The final bidder wins. In December 2007, Swoopo was successfully launched in the UK, followed by Spain in May 2008 and the US and Austria in September 2008.

Consumer Internet
Shopping / eCommerce

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Date Type Capital Amount Post-Money Valuation Investors
2006 Series A 4M Unknown
2009 Series B 10M Unknown

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10/13/2009 12:26AM by tobylanger

v7 > v6 > v5 > v4 > v3 > v2 > v1 | See all versions

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takes advantage of the unsuspecting public

mbsmd 03/30/2009
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