News & Insights
Blumberg Capital portfolio news, startup growth resources and industry insights
By: Steve O’Hear
If you’ve ever received a gift voucher for a store you rarely or never shop in, then Zeekcould prove useful. The marketplace and mobile app lets you buy and sell unwanted store credit, including gift vouchers, credit notes, gift cards and e-vouchers. The seller gets to offload credit that is of no use or before it expires, and the buyer gets to purchase credit at a significant discount. Meanwhile, Zeeks take a commission on each transaction. Win-win-win, you might say.
Today the Tel Aviv-headquarted company is disclosing that it’s closed a $3 million Series A round from Blumberg Capital, Qualcomm Ventures (the chip maker’s venture arm), and Waze founder and existing Zeek investor Uri Levin. Originally launched in Israel before expanding to the U.K. in December 2014, the startup plans to use the new funding to “expedite” further European expansion…read more.