Group Buying Startup Shopiz Raises $2M
February 6, 2017 | Israeli startup Shopiz, which offers group shopping for products through a connection between consumers, has completed a $2 million financing round led by Ron Zuckerman and other private investors. The company has raised a total of $3.5 million to date. Founded in 2014 by CEO Gilad Brovinsky, Shopiz’s offices are in Tel Aviv. The company’s platform, which is available on its website, makes it possible to purchase goods and services at substantial discounts from a wide range of stores, websites, and various businesses. Shopiz operates a social shopping mechanism for lowering the price when more buyers join a purchase, even after the purchase is made. Customers continue receiving reimbursement directly on their credit card account after they buy a product when other customers join the purchase and the price of the product continues to fall.