Coupon company SavingStar raises $7M

By Galen Moore

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SavingStar Inc. has raised $7 million in an inside, Series B round of financing with existing investors Flybridge Capital Partners of Boston and First Round Capital of Conshohocken, Penn.

The Waltham retail coupon software company announced the deal in a press release emailed to Mass High Tech Monday morning. Formerly known as SaveWave, SavingStar is a spin-off from college savings service Upromise.

The company has so far raised at least $9.3 million, including the new financing. Investors also include Founder Collective, IA Capital, and angel investors Roger Conway and Michael Bronner.

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