Spark Capital Backs Postabon

Postabon, a website focused on helping users find local retail deals, has secured $1 million of a $1.5 million funding round led by Spark Capital, according to a regulatory filing. Todd Dagres of Spark has joined the Postabon board of directors. The company was founded last year by Harvard students Stu Wall, John Buchanan and Shaneal Manek. Mashable suggested that Postabon is "Foursquare meets shopping" -- based on its use of mobile geolocation technology. Its current offering focuses on the New York market, even though the company is technically headquartered in Cambridge.

8 March 2010•1 min read
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