Tuesday, August 7, 2012

FreeMonee Gets $34M

San Mateo-based FreeMonee Network, an which provides gift incentives to visitors of stores and restaurants, said today that it has raised $34M in an investment funding round. The round was led by Charles E. Ryan, current Chairman of UFG Asset Management and former Chief Country Officer and CEO of Deutsche Bank Group in Russia, and also included Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, and Pinnacle Ventures. The firm said it has now raised $45M in funding. FreeMonee offers up rewards to consumers for their purchases at stores and restaurants. More information »