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July 26, 2011 04:00 pm GMT

ThinkNear Turns Mobile Banner Ads Into Local Offers (Raises $1.6 Million From IA And Google Ventures)

Last April, one of the strongest startups from TechStars's Demo Day in New York City was ThinkNear, which turns mobile ads into hyper-targeted daily deal offers for local merchants. The startup is officially launching later today to restaurants, spas, and hair salons in New York City. It also raised $1.63 million in a series A, which was previously reported by Ben Popper at Betabeat. The round was led by Roger Ehrenberg's IA Ventures, but also includes many previously undisclosed investors such as Google Ventures (now I know why Rich Miner was lurking in the TechStars NY offices), Qualcomm Ventures, Metamorphic Ventures, and FF Venture Capital. David Tisch and David Cohen from TechStars invested personally, as did Matt Turck from Bloomberg Ventures.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HDSly1-IvJw/

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