Intelligent Clearing Network Garners $1,100,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=752c61c7-9a6a-43fd-a589-9559ca1898e6
Date
10/2/2013
Company Name
Intelligent Clearing Network
Mailing Address
31 Lakeview Ave. New Canaan, CT 06840
Company Description
ICN was founded by a team of software engineers and business managers who realized that the efficiency and fraud related to coupons was well documented and persistent. While digital couponing is by far the most efficient way to process incentives at the POS, it remains small and fragmented and will take a number of years to gain significant adoption and market penetration.
Website
http://www.icn-net.com
Transaction Type
Debt
Transaction Amount
$1,100,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing. Not a solicitation.
M&A Terms
Venture Investor
Undisclosed