Retale, a Chicago, IL-based mobile platform connecting shoppers with major retailers locally, secured $12m in funding.
Backers included existing investors Axel Springer SE.
The funding is part of an overall $18m shareholder investment in Bonial.com Group, Retale’s parent company and a leader in web and mobile advertising solutions for retail, to further invest in its international expansion.
Led by Pat Dermody, President, Retale provides shoppers with access to in-store deals and promotions through the Retale website and mobile app. All information is location-based, making it possible for shoppers to find the right deal at a store nearby. For retailers, it provides new opportunities to reach circular readers who are migrating from print-to-digital, as well as a new generation of shoppers who are more likely to shop in-store while using smartphones or tablets to support them.
Launched in October 2013, it has more than 3.5 million users.
FinSMEs
04/05/2015