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.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald