Wednesday, May 11, 2011

FreeMonee Gets $11M

San Mateo-based FreeMonee, a firm developing cash incentive programs for merchants to reward customers, said today that it has raised $11M in a first round of funding. The funding came from Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group. Contrarian Group's Peter Ueberroth joins the company's board, along with Levi Strauss's former CEO, Phil Marineau. More information »