Receives Investment from Greylock Partners Inc., a Mountain View, CA-based provider of digital couponing solutions, has received an investment of undisclosed amount from Greylock Partners.

The company, which recently raised $200m from institutional investors (read here), is building its team, expanding its full time staff from 288 employees in June to more than 450 expected by the end of the year. This investment, a secondary market transaction, will enable to benefit from Greylock’s Expertise

Founded in 1998 and led by CEO Steven Boal, the company offers online printable, social, mobile and loyalty card promotions. For consumers, products include, as well as Grocery iQ and mobile applications. For publishers, it offers solutions to monetize website traffic, including branded microsites, and Brandcaster, a self-service coupons syndication platform. For brand marketers, the company distributes digital coupons through and thousands of websites comprising the digital coupon network.



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