Yowza!! confirms USD1.5m funding

Tue Jan 31 2012, 15:14 PM

Mobile coupon provider Yowza!! has confirmed it raised USD1.5m in its first round of funding, first reported in December. The investment, from Tech Coast Angels and Pasadena Angels among others, is going towards achieving profitability for the US-based company, which uses GPS to alert iPhone users to offers and sales offered by local merchants who subscribe to the Yowza service. The service differentiates itself from other players in the rapidly expanding mobile coupon market by focusing on money-saving rather than social or gaming activities. 

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