Ecrebo Raises £12M in Funding

Ecrebo_logoEcrebo, a Reading, England, UK-based retail point of sale marketing specialist, raised £12m in funding.

Backers included existing investor Octopus Ventures, as well as Sir Keith Mills, founder of Air Miles and Nectar, and Joseph Schull, former head of Europe for international private equity firm Warburg Pincus. Additionally, Ecrebo announced Sir Keith Mills and Joseph Schull will join Ecrebo’s board of directors.

The company intends to use the funds for product and technology development, recruitment of new people and global expansion.

Co-founded by Dr. Hassan Hajji and David Vernon, Ecrebo provides an innovative technology platform that enables retailers to deliver targeted offers and messages to customers at checkout, alongside their print or digital receipt. Since 2010, the platform has processed more than £35 billion in transactions for retailers including M&S, Waitrose and PANDORA and generated more than £500 million in additional sales.

FinSMEs

22/02/2017

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