Yahoo-backed E-commerce search startup Twiggle gets $12.5M Series A Funding led by Naspers

E-commerce operator Naspers led a $12.5 million investment that Twiggle will use to expand globally. (Bloomberg)—A Yahoo Japan-backed Israeli startup, Twiggle, has lined up a funding round led by Naspers Ltd., the Cape Town, South Africa-based group known for its early investment in Chinese e-commerce site Tencent Holdings Ltd. Twiggle, a web- and mobile-based service focused on search, aims to license its software to leading online retailing companies around the world and will use the $12.5 million in funding to expand globally. Using machine learning, artificial intelligence and natural language…

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