News

Clutch secures USD 5.3 mln in Series B funding round

Tuesday 6 August 2013 09:39 CET | News

Mobile commerce company Clutch has closed a USD 5.3 million Series B financing round led by Safeguard Scientifics, a provider of growth capital and operational support to technology and healthcare companies. Previous investors, including Ben Franklin Technology Partners, have also contributed to the round.

The funds will primarily be used for further development of the Clutch mobile commerce platform, including its B2B offering, which the company will unveil later 2013.

In addition to the funding, the company has acquired ProfitPoint, a supplier of loyalty and gift programs.

In December 2012, Clutch has launched a mobile commerce platform and an application for shopping, loyalty and gifting.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Clutch, funding round, US
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce