TwoTap raises $2.7M seed round
Universal shopping platform TwoTap recently closed a seed round at 2.7 million dollars in Silicon Valley. Backers include Khosla Ventures, SV Angel, Joseph Saunders (CEO of Visa), Reddit co-founder Alexis Ohanian, Posterous co-founder Gary Tan along with Transmedia Capital and Digital Garage.
The team is planning to use the investment for marketing purposes, adding more people to the team and building the service around its API in order to allow customers to make purchases several times without having to enter their credit card information repeatedly. To make this work, they are using a high level security compliance called PCI DSS-level.