press release sumavisos first round funding
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Press Release of Sumavisos First Round FinancingTRANSCRIPT
FORIMMEDIATERELEASE
Sumavisos.comClosesFirstRoundofFinancing
BuenosAires,Argentina,August11th,2009–Sumavisos.com,aclassifiedsearchaggregatorfortheHispanicmarket announced that they've successfully closed their first round of financing led byangel investors Damien Voltes and Ariel Arrieta, allowing to continue to improve their searchtechnologyandregionalexpansion.
Gabriel Gruber, co‐founder and CEO of Sumavisos says: "Having the support of two successfulentrepreneursandinvestorssuchasDamianVoltesandArielArrieta,isatremendousstepforwardforSumavisos.com. Their commitment brings us one step closer in making us the leading classifiedaggregatorintheHispanicandPortuguesemarkets."
DamiánVoltes,CEOofPatagoniaVentures,remarks:"Sumavisoshasagreatteamandtheirsearchtechnologyallowsusers toefficiently searchclassifieds in theautomotive, realestate,and job fields.TogetherwithArielArrieta,webelieveSumavisos.comwillbetheleadingverticalsearchengineintheregion."
ArielArrietacomments"Sumavisos is takingadvantageofahugeopportunity thathasn’t yetbeendeveloped in Latin America, allowing users to have a unique place where they can find acomprehensivesetofoffersintheautomotive,jobrelated,andrealestatefields.WithDamianVoltes,weseeatechnologicalteamthatiscapableofcreatingthebestuserexperiencepossible."
AboutSumavisos
Sumavisos was founded in December 2007 by Gabriel Gruber, Martín Sarsale and DamiánMartinelliwiththeideaofsimplifyingtheprocessoflookingforahouse,afteroneofthefoundersfoundhisnewhouseby creatinganalgorithm thatwouldautomatically search classifieds acrossmanydifferentsites,filteringtheresultsbythetypeofhomeandneighborhoodshewasinterestedin.
Sumavisoswascreatedtoallowuserstodojustonesearchthat incorporatesthemost importantauto,realestate,andjob‐relatedclassifiedsitesineachmarket.Additionally,thesiteexperienceisdesigned toprovideanumberofvalue‐add information for theuser, suchasaMapsAPI for realestate,ameasureoftheaveragepricepersquarefootofsimilarpropertiesinthearea,avgpricepercarmodel,andtheabilitytosaveadsandreceivee‐mailalertswhenanadappearsthatthefitstheuserscriteria.
In2008,Sumavisoswasselectedasthewinnerofthe"BuenosAiresEmprende"Program,receivingagrantfromtheGreatCityofBuenosAires,withthesupportofIAE'sEntrepreneurshipCenter.
Sumavisos alreadyhasmore thanamillionads indexed, and is currently available inArgentina,Brazil,Chile,Colombia,Mexico,andSpain.
Formoreinformation,pleasevisit:http://www.sumavisos.com
AbouttheInvestors
DamiánVoltes is a serial investor in Internet and a venture capitalist. Currently he is CEO andFounder of Patagonia Venture, a venture capital fund focused on early stage startups inTelecommunications,Internet,Media,andEntertainment,mainlyinLatinAmerica.
ArielArrietaisaserialentrepreneurandanangelinvestor.HeiscurrentaSeniorAdvisorto.FOXNetworks (aNewsCorpCompany), and shareholder andangel investor in anumberof start‐upssuchasNextperineces.netonOnTrade.net.
Together,Voltes andArrieta co‐foundedDigitalVentures,DirectaNetworks, PerformaNetworks,AfiliadosandInZearch,allOnlinemarketingcompaniesacquiredbyFOXinJuly,2007.
Formoreinformation,pleasevisit:http://www.damianvoltes.com‐http://www.arielarrieta.com
Contact: GabrielGruber CEOofSumavisos [email protected] +54.911.5177.9178
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