LevelUp Raises $12 Million, Still Looking For More

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SCVNGR, parent company to mobile payment startup LevelUp, raised $12 million from investors that included Highland Capital and Google Ventures, BostInno reports.

Founder Seth Priebatsch also hinted that the company may be preparing to raise even more money in the coming weeks. “This is a new round of preferred stock that will be left open for 1-2 more large strategic partners to join,” Priebatsch said in a release. “We’re already in late-stage conversations with them – just haven’t officially closed on their funds yet.”

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