500 Startups graduate Totspot is announcing today that it has raised $1.8 million seed funding to expand its mobile marketplace for parents to buy and sell children’s clothing. The startup lets parents post picture of goods they’d like to sell, a price, and simple description, and then takes a twenty percent commission when they match that item up with a parent looking to update their child’s attire.
Totspot CEO Vijay Ramani told TechCrunch that the startup’s primary focus is to improve the quality and utility of its matching algorithms. Ramani believes that there are many opportunities to improve the experience by smoothing the search experience — if a parent generally dresses their kids in preppy, « Country Club Jr. » look, searches for « shirts » made in a specific size should prioritize button-down shirts and high-quality polos.
Like many startups, Totspot went with an iOS- and web-first approach to releasing its app. With that said…
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