LevelUp Raises $12 Million, Still Looking For More

What's Next In Payments®
8:52 PM EST June 7th, 2012

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.”

Read the full story here.

Comments
Also by This Author
What's Hot
Alternative Financial Services
Ant Financial To IPO In 2016
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
Consumer Finance
Visa Europe to Spend EUR 200 Million on Digital Payment Technology
B2B Payments
Slyce Snatches Coupon App SnipSnap for $6.5 Million
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
Ant Financial To IPO In 2016
News
Bed Bath & Beyond Finds Its Money in the Latter
Merchant Innovation
California Startup SimpleFi Hopes to Challenge Payday Lenders with Employee Targeting
Cool
Earnings Lollapalooza
View All Articles ››