Social e-commerce company ThisNext recently raised a Series C round of $1.2 million, which we reported based on an SEC filing. The Santa Monica, CA startup has now confirmed the financing round and also announced that it has acquired smaller rival Stylehive for an undisclosed amount.
Stylehive is a social bookmarking site that is focused on shopping. I believe that there is promise in this space, which includes the just funded Kaboodle, as well as Wists and the upcoming Plum. Why? Because 80% of online shopping is “research” and only 20% is actually “buying”. Stylehive addresses the 80% piece of the market. Stylehive, designed by Emily Chang and Max… → Read More