$1.63M Investment Gives ThinkNear The Legs To Run
ThinkNear launches its geo-targeting service to help businesses bring customers in when they most need them, like during off-hours.
Every business owner is all too familiar with the drag of weekday afternoon hours when customer flow slows down. They may try daily deal sites, coupons and promotions to bring in more sales, but customers just don't show up during the lull.
That's when Eli Portnoy and John Hinnegan, former employees at Amazon, came up with the idea for ThinkNear. With $1.63 million in investments from IA Ventures, Google Ventures, Qualcomm Ventures and more, the TechStars NYC participants have finally realized their concept.