What is Scoutmob?
Founded in 2010 and based in Atlanta, Scoutmob operates by curating and delivering exclusive discounts and fresh local content directly to users' mobile devices through its iPhone and Android applications, as well as via text message. Leveraging location-based technology, these discounts are instantly redeemable, encouraging users to explore their local communities. The platform aims to bridge the gap between local businesses seeking to attract customers and consumers looking for unique experiences and savings.
How much funding has Scoutmob raised?
Scoutmob has raised a total of $4.8M across 2 funding rounds:
Unspecified
$1.5M
Unspecified
$3.3M
Unspecified (2011): $1.5M with participation from New Atlantic Ventures
Unspecified (2012): $3.3M, investors not publicly disclosed
Key Investors in Scoutmob
New Atlantic Ventures
New Atlantic Ventures is a venture capital firm that specializes in seed and early-stage technology investments, focusing on companies at the intersection of emerging consumer trends and technological disruption. They actively support founders developing solutions that reshape digital interactions and consumer services.
What's next for Scoutmob?
The recent major strategic investment signals a pivotal phase for Scoutmob, likely indicating a move towards scaling operations, expanding its geographic reach, and potentially enhancing its technological infrastructure. This capital infusion will enable the company to solidify its market presence, attract new users, and deepen partnerships with local merchants. Scoutmob's focus on mobile-first, location-aware deal delivery positions it to capitalize on evolving consumer behavior and the increasing demand for personalized local experiences.
See full Scoutmob company page
