CheBuoni.it, a Bologna, Italy-based discount and promotion platform provider, raised €2.8m in funding.
Milan, Italy-based Web agency Localweb made the investment in exchange of a 40% stake in the company.
The company intends to use the funds to expand operations. It aims to reach 3 million new registered users during the next 12 months.
Created three years ago by Valentino Marangi, CEO, CheBuoni.it provides people with discounts and promotions and companies with a platform for email marketing and telemarketing lead generation campaigns in such categories as cosmetics, body care, food, pets, home design, fashion, etc.
The company currently has one million registered users, with an increase in sales volume of 800% per year.