Location-based retail promotion-seeking platform Retale has raised new funding from existing investors including digital publisher Axel Springer.
US-based location-based mobile platform Retale raised $12m on Monday from existing investors including digital publishing company Axel Springer.
Retale’s remaining investors have not been disclosed. The funding was secured as part of a larger $18m round for the platform’s parent company, Europe-based web and mobile advertising firm Bonial International Group.
Bonial previously raised $67.5m from undisclosed investors, $33m of which supported Retale’s expansion in the US in 2013. Neither Bonial nor Retale have disclosed further details about previous funding rounds…
