TLcom backs Beintoo with $2m

Amy King
03 October 2012

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London-based VC TLcom Capital has injected $2m into Beintoo, an Italian provider of loyalty programmes for apps and websites.

The fresh funding will support the firm's expansion into international markets.

Previous funding
In June 2012, Italian VC Innogest Capital invested $5m in a series-A round for Beintoo.

Company
Founded in Milan in 2010, Beintoo operates a platform allowing app and website users to earn a virtual currency, which can be used to purchase goods from sponsor stores.

The company has offices in Milan, New York and Palo Alto.

People
Maurizio Caio is founder and managing partner of TLcom.

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