Spotzot, Inc., a Santa Clara, California-based daily deal platform company, has raised $2.2m in Series A funding.
Backers include Cervin Ventures, Inventus Capital Partners and TiE-Silicon Valley Angels.
The company intends to use the capital to accelerate the growth and expand sales, engineering and operations.
Led by CEO Bobby Jadhav, Spotzot operates an intelligent deal targeting platform that enables brands and retailers to reach new and loyal customers with campaign offers targeted by location and intent. It searches thousands of promotion and coupon sources everyday for in-store and online deals from 750 national and regional U.S. chain operators valid at over 400,000 merchant locations, including over 1,000 major shopping mall venues.
Promotions and coupons are displayed on a growing network of shopping applications and web sites including ShopSavvy, Shopkick, CardStar, Geodelic and others launching soon.
FinSMEs
18/11/2011