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SnipSnap Sees Over 1M Coupons Clipped, Locks Up $900K In Funding

June 22, 2012

It’s only been a few weeks since SnipSnap co-founder/CEO Ted Mann took to the Disrupt stage to talk about his super-simple coupon saving and sharing app, and now it seems the young company has already hit some major milestones.

Mann revealed that the coupon sharing platform has seen over 1 million coupons clipped since launch, and that out of 160,000 downloads, the service plays home to 50,000 daily active users.

That’s not all the good news Mann had to share — the company has just recently put the final touches on a $900,000 angel round led by Philadelphia-based MentorTech Ventures and Kynetic CEO Michael Rubin. Over half of that sum ($555K, to be precise) was raised last month before Disrupt, with the remainder being closed last Friday.

Read the rest of the article on TechCrunch