flexReceipts Completes Y Combinator & Secures an Additional $2.5 M
flexReceipts, an Orlando-based company, has announced that it’s raised $2.5 million in additional funding. The round was led by Point Judith Capital, a Boston-based venture capital firm that focuses on consumer and enterprise technology investments. The additional funding brings there toal to raised to $5 million. flexReceipts is now used in more than 7,000 retail locations, such as Rooms to Go, GNC and Aldo Shoes and its marketing platform is an essential part of its success. The company leverages data to include custom promotions, coupons, recommendations and more. It’s smart email receipts allows retailers to engage better with their customers post-purchase
Sean March from Point Judith Capital said, “I focus on investing in people who have a real passion for what they are doing and who have the drive, intellect and a will to win that enables them to recruit A+ talent to build their team. Tomas and Jay embody this in every way and the result is a leading product in the e-receipt market.”
Click here to read the full press release.
What is the Y- Combinator
Y Combinator provides seed funding for startups. Seed funding is the earliest stage of venture funding. It pays expenses of startups while they are getting started. Twice a year the Y Combinator invests a small amount of money in a large number of startups. For three months, the startups move to Silicon Valley where they work intensively to reshape, refine and perfect their pitches to potential investors. Each cycle ends in what’s called Demo Day. This is where startups take the stage to present their companies to carefully selected, invite-only audiences. The mentoring and help for these companies continues for the life of a company.