Up until today's $7 million round of funding, mobile shopping app maker ShopSavvy had bootstrapped and survived on its own revenue (more on that later) since its inception in 2008. This was the first app to scan barcodes to search online and local retailers for the best prices.
The round was led by Eduardo Saverin, Facebook co-founder and private investor. Saverin, who wasn't made available for comment, also joins the company's board.
"People have wanted to buy the company or invest, but it took us awhile to find the guy who really understood what we wanted … Read more