Golden Seeds invests in ColorModules, a breakthrough visual recommendation engine focused on color matching
NEW YORK, June 27, 2012 /PRNewswire/ -- Golden Seeds leads a $1.3M Series A financing in ColorModules Inc., with an initial close last Friday. ColorModules' premier product Plum Perfect is a visual product recommendation engine that provides instant personal recommendations to shoppers using their photos, whether they are shopping for beauty, fashion or home decor. The capital will fuel development of the company's consumer engagement services for brand and retail partners, as well as its marketing power to expand its global user base.
The inaugural website, PlumPerfect.com, is for the beauty shopper. From just a facial photo, this powerful patent-pending technology analyzes the color of skin, hair, eyes and lips, to make exacting color recommendations for cosmetics.
"This funding will help us to bring our powerful solution to a wider range of brands and their consumers, thus empowering women with the information and selections to shop online for cosmetics for the first time," said Asmau Ahmed, Color Modules' CEO.
"Plum Perfect's breakthrough technology will unlock the cosmetics segment of the eCommerce market that is so far undeveloped," said Marty Nealon, Managing Director, Golden Seeds, who led the financing and joins the company's board. "As former CEO of HSN, Marty is the ideal person to join us," added Ahmed.
ColorModules was founded in 2010 by Asmau Ahmed. Together with Director of R&D, Abhijit Sarkar; and Chief Creative Officer, Paul Krygowski, the firm developed its visual recommendation engine Plum Perfect to optimize color matching for both on and offline shoppers by enabling them to simply taking a photo, upload it, and instantly pinpoint the best colors and products.
About Golden Seeds
Golden Seeds is an investment firm dedicated to delivering above market returns for investors through the empowerment of women entrepreneurs. Its angel network consisting of 250 men and women is the fourth largest in the US and was the third most active in terms of deals done in 2011 and its venture capital group has $30million under management.
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SOURCE Golden Seeds