Naspers has returned to reinvest in geolocation technology developer In Loco as part of a $20m round led by Valor Capital Group.
In Loco, a Brazil-based provider of location-focused advertising intelligence technology, has raised $20m in series B funding from investors including media and e-commerce group Naspers, Easme has reported.
Investment firm Valor Capital Group led the round, while Unbox Capital also participated. The company had previously received about $5m in funding from Naspers across two rounds beginning in 2013, Valor Econômico stated, and Naspers remains its largest investor according to Easme.
In Loco has created technology that combines wifi sensors with…
