PITCH Finalist Mavatar, Co-Founded by Susan Akbarpour, Raises $1 Million Seed Funding

2324190705_49b55aa5a6

Menlo Park-based Susan Akbarpour, co-founder and president of Mavatar, raised $1 million in seed funding this week!

By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)

Smart comparison shopping company Mavatar was co-founded by Stanford Graduate School of Business grad Susan Akbarpour, who presented at Women 2.0 PITCH SF Startup Competition as a finalist earlier this year.

The company today announced raising $1 million funding from former Facebook CPO Chris Kelly, former Stanford Graduate School of Business lecturer Jeffery Moore, Triton Systems CEO Ross Haghighat, and Dr. Afshin Graveli and his wife Anousheh.

Mavatar is a free iPad app and web browser add-on that allows consumers to save time and money shopping online.

Mavatar president Susan shared her founder story on Women 2.0 earlier this year and describes Mavatar as “a user-centric smart shopping cart that keeps the user’s data in a private sandbox while shopping but analyzes a vast amount of data (offline and online promotions, recommendations, discounts, coupons, offers, etc.) for her automatically to help her process her smartest shopping decisions.”

Congrats to the Mavatar team on raising seed funding and the official launch at May 8th’s SFBeta event!

Angie Chang is Editor-in-Chief and Co-Founder of Women 2.0, a media company offering content, community and conferences for aspiring and current women innovators in technology. Our mission is to increase the number of female founders of technology startups with inspiration, information and education through our platform. Previously, Angie held roles in product management and web UI design. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.