San Diego Deals Roundup: Deal Current, PCN, BrightScope, & More

9/28/12Follow @bvbigelow

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white-label daily deal software company accelerate its growth by expanding sales and marketing and advancing its technology. The company provides online discounts for media companies in more than 100 cities, including American Consolidated Media, the Journal Broadcast Group, Buffalo News, and the Pittsburgh Post Gazette.

The company’s website says Deal Current was launched in 2008 by Jimmy Hendricks and Patrick Dillon.

BrightScope, a San Diego startup that analyzes the performance of 401k plans for its corporate sponsors, has raised half of a planned $3 million round of funding, according to a recent report in U-T San Diego.

BrightScope CEO Mike Alfred confirmed the report for me last week, saying the company has not officially announced its third round of angel funding, which is expected to close before the end of the year. Brightscope, founded in 2008, says on its website that it previously raised a total of $3 million in angel funding through two separate rounds. The company also named former ID Analytics CEO Bruce Hansen to its board.

The Web-based company maintains a comprehensive database of information on roughly 46,000 corporate 401k retirement plans. BrightScope says it helps the human resources departments that manage 401k plans by analyzing and rating the performance of investments held by the plan. BrightScope says its technology helps plan sponsors optimize the structure of their 401k plans and choose providers that provide the most value for the fees they charge.

—San Diego-based GroundMetrics, founded in 2010 as part of the QUASAR group of companies, said it used proceeds from $1.2 million in Series A funding raised earlier this year to conduct … Next Page »

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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