Thursday, July 30, 2020

MomentFeed Finds $10M More

Santa Monica-based MomentFeed, which develops software used by retail brands for optimizing mobile and proximity searches, has raised $10M more in funding, the company said on Thursday. The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus, and DFJ Frontier, all prior investors. The company says it has now raised $38.3M in total. MomentFeed's software is used by multi-location retail brands to optimize their listings and information for discovery on Google, Apple, and elsewhere for such searches as "pizza near me" or "grocery store near me". The company is led by CEO Nick Hedges, who says that the company's software has become even more important as retailers have looked to adjust due to COVID-19. More information »

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