Google Ventures Backs Scvngr’s Mobile Payments App

Boston-based Scvngr has raised $12 million in new funding to support the nationwide rollout of LevelUp, an app that allows consumers to use their phone to pay at the cash register. So far, the service has signed up 200,000 users who spend $2 million a month at 3,000 merchants in eight cities. Investors include Highland Capital, Google Ventures, Balderton Capital, Continental Advisors and Transmedia Capital.


Latest Video

View all videos »

Search »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”