Wanderful Media, the Los Gatos, CA-based company behind Find&Save, raised $14.5m in funding.
Backers included existing media company investors (which are Advance Digital, A. H. Belo Corporation, Community Newspaper Holdings Inc., Cox Media Group, The E. W. Scripps Company, Gannett Co., Inc., GateHouse Media, Inc., Graham Holdings Co., Hearst Corporation, Lee Enterprises, MediaNews Group and The McClatchy Company).
The company, which has now raised $50.5m since launch in September 2012, intends to use the funds to expand operations and its innovation efforts for Find&Save apps.
Led by Ben T. Smith, IV, CEO, Wanderful Media owns and operates Find&Save, a collection of local sales – available on FindnSave.com and on newspaper sites across the country in all 50 of the top 50 designated market areas (DMAs) – to help retailers engage shoppers around local sales and products. Consumers can create and view their shopping list and share deals with friends. Find&Save features offers from more than 400 retailers at 150,000+ store locations across the country and is also available on apps for iPad, iPhone and Android devices.