Daily News: May 29, 2014

Square 1 Bank Provides Credit Facility to The Hunt

Square 1 Bank announced it provided a $2 million credit facility to The Hunt. Proceeds of the credit facility will be used to expand The Hunt’s web and app-based platform in support of its growing monthly active user base in conjunction with the company’s recent Series B raise.

Ron Kundich, SVP in Square 1’s Silicon Valley technology practice, said, “As a leading visual search website and mobile app in what seems to be a large and untapped market, The Hunt’s team has taken a community-driven approach that continues to attract thousands of new and passionate users every month. Square 1 Bank is excited to partner with such a great and forward-thinking team and company.”

San Francisco, CA-based The Hunt (also known as ShopTap Industries) offers online shoppers the ability to “hunt” for clothing and accessories they find while surfing the visual web.