Snooth Closes Additional Round of Funding

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Snooth closes a new round of funding and appoints new members to its Board of Advisors

Snooth, the world's largest and most comprehensive wine site, announces the completion of its most recent funding round.

As part of this most recent round, Snooth appointed Kevin Fortuna and Joe Meyer to the Board of Advisors. Kevin is a Partner at AKF Partners, a consultancy focused on hyper-growth web companies. The partnership, in addition to Kevin, includes Marty Abbott (former CTO of eBay) and Michael Fisher (former VP Engineering of Paypal). Kevin was formerly the CEO of Quigo, an advertising technology company that was sold to AOL for $360 million in November 2007. Joe was formerly the General Manager of Quigo, where he worked with Kevin through the acquisition by AOL. Prior to Quigo, Joe was a Senior Category Manager at eBay.

Snooth's traffic grew over 400% in 2008 and the site is now the most trafficked wine site in the US.

About Snooth
Launched in June 2007, Snooth is a highly interactive, social database of the world's wines, offering both casual and expert wine drinkers the ability to search, obtain personalized recommendations, interact with fellow wine lovers, as well as seamlessly buy from a global network of over 11,000 merchants.

Users have the ability to search by their own personal preferences (bold, peppery, fruity, etc), by a specific meal-pairing, price, or by region or producer. Snooth's recommendation engine also provides customized selections based on stated preferences and user feedback. The more information a user gives on wines they enjoy, the more personalized and detailed the recommendations become.

Please visit http://www.snooth.com for more information.

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Adam Levin
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