SteelHouse Raises $6.3 Million to Be the eHarmony of E-Commerce

SteelHouse has raised a second round of funding, totaling $6.3 million.

The Los Angeles-based company is aiming to become the eHarmony of e-commerce, meaning that it is trying to help e-commerce providers match the right shopping experience to the right shopper, in real time.

The reason SteelHouse is optimistic is that its president and CEO, Mark Douglas, was the VP of technology at eHarmony for almost four years.

Investors in the latest round include Greycroft Partners, Rincon Venture Partners and Lighthouse Venture Group. The company’s original investors are Baroda Ventures and Silicon Valley angel Ron Conway. The company had previously raised $1.55 million in a first round.

SteelHouse is building a behavioral platform that allows e-commerce companies to present different offers to shoppers, based on the personality and behavior of the person visiting. Some of its clients include Comedy Central, Mrs. Fields, SkyMall, eCampus.com, Evite and Cooking.com.

The company says it will use the capital to continue investing in its technology.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik