Scoutmob Raises $1.5 Million For Location-Based Group Deals

Scoutmob is a location based group deals company that has raised $1.5 million in a first round of funding for $1.5 million. New Atlantic Ventures led the funding round. The company plans on using the funding to roll out their deals services to new cities. Users that visit Scoutmob can sign up for e-mail notifications for the deals. Scoutmob has iPhone and Android applications. Atlanta-based Scoutmob was founded in 2010 and they previously raised an undisclosed sum from angel investors. [VentureBeat]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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