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LevelUp Now Has $21M To Take On The Squares Of The Mobile Payment World

Mobile payment service LevelUp, an off-shoot of Boston-based SCVNGR, announced this morning that it has raised $9 million from T-Venture, the venture capital arm of Deutsche Telekom. The investment is the second tranche of a larger funding round and brings the total raised to just over $21 million. SCVNGR itself has raised over $31 million. As a result of the investment, T-Venture Senior Manager Randeep Wilkhu will join the startup’s board as an observer. As for some context: Every day there’s a new headline about mobile payments solutions. It seems...

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Published By: Tech Crunch - Thursday, 2 August, 2012