Real Ventures is happy to announce its recent investment in ThinkNear as part of the $1.6M round led by IA Ventures. Other investors into this round included Google Ventures, Qualcomm Ventures, Metamorphic Ventures, and FF Venture Capital. As Erick Schonfeld at Techcrunch describes the company:
“ThinkNear tries to solve the all-or-nothing problem that most daily deals present to local merchants. They produce a stampede of foot traffic, but not necessarily when the merchants need it. Instead, ThinkNear lets merchants tell the system when they normally experience slow times (and it also looks at other data like weather) to spit out offers to people nearby. Consumers don’t have to sign up for anything either, they just see the offers as normal mobile banner ads on their phones.”
For some reason Erick didn’t include us as an investor in the write up but it’s there in black and white on Crunchbase.
We met the ThinkNear team at TechStars Demo day in NYC earlier this year and are really excited to have been able to invest in some great entrepreneurs and alongside some great investors !