OpenLabel Exits Stealth, Raises $80K To Turn Barcodes Into Public Labels

OpenLabel, a startup that wants to augment everyday products' barcodes with crowd-sourced information that helps you decide whether to buy, has raised $80,000 in seed funding in a round led by Peter Kirwan, also an investor in IFTTT. Also participating in the round were Tim Drees and Doug Taylor. According to OpenLabel co-founder Scott Kennedy, this $80K is just the first part of a larger $300,000 seed round, which the company expects to close prior to the April launch of the mobile application.

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