SaveWave Lands $2,300,000 Series A Funding Round

  • Feed Type
  • Date
    8/19/2010
  • Company Name
    SaveWave
  • Mailing Address
    74 Hillcrest Rd. Belmont, MA 02478
  • Company Description
    SaveWave is building a platform to enable consumer packaged goods brands and retailers to promote their products and services to all consumers through fully digital promotion, distribution, and rewards fulfillment. In addition to providing Upromise Grocery, a program through which over 12 million members can earn college savings rewards by purchasing participating products in over 22,000 supermarkets and drug stores nationwide, SaveWave is expanding its distribution reach through customized offer syndication with retailers, affinity rewards programs, and media channels.
  • Website
    http://www.SaveWave.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,300,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    SaveWave plans to launch its white label platform for select partners in the coming months. It will also feature mobile applications for consumers to activate coupons from their smart phones, increasing the flexibility of the system and reaching consumers at the grocery store looking for deals.
  • M&A Terms
  • Venture Investor
    Flybridge Capital Partners
  • Venture Investor
    First Round Capital
  • Venture Investor
    IA Ventures
  • Venture Investor
    Individual Investor
  • Venture Investor
    Undisclosed

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