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Postabon Inc., a developer of software that identifies local shopping deals for consumers, has raised $1 million of a planned $1.5 million round of venture capital, according to regulatory filings.
Postabon Chief Operating Officer John Buchanan confirmed that Spark Capital in Boston participated in the round but declined to add more detail about other investors. Postabon listed Spark Capital principal Todd Dagres as a board member in its filing with the U.S. Securities and Exchange Commission. The company said a total of four investors participated in the round.
Founded in 2009, Postabon develops mobile-device software that identifies users’ locations and then aggregates in real time information on promotions and other deals offered by local retailers. The company was founded by three Harvard University students, according to Postabon’s website.
Postabon said it is now live in New York City, and a London-version of its software is in the works.
According to a filing Monday with the U.S. Securities and Exchange Commission, the recent funding round commenced Feb. 22.
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