With Over 1.5M Users, SavingStar Grabs $9M To Become The Groupon Of Groceries

Digital couponing startup SavingStar has been on a roll. The company launched officially in April of last year, backed by a $7 million Series B round from its existing investors, before adding Buddy Media Founder and CEO Michael Lazerow to its Board of Directors in June. In December, the startup crossed another milestone, announcing that it had surpassed 1 million active users in exactly 230 days. Today, the funding continues for SavingStar, as it announced that it has raised $9 million in Series C financing. The round was led by venture capital firm, DCM, with contributions from previous investors Flybridge Capital Partners, First Round Capital, IA Ventures, Michael Lazerow, and founder of Loyalty Management Group Sir Keith Mills. The funding brings the startup's total investment to just under $19 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Mtlr64GnIuE/

sleigh bells meek sturgis sturgis whitney houston laid to rest daytona bike week amazing race