Data scrabble justgrimes flickr

L2 rakes in $16.5M to run market research companies out of business

Venture capitalist Paul Sagan sounds quite enthusiastic as he opens our phone call about his firm’s latest investment. Sagan’s firm, General Catalyst Partners, just announced its lead in a new investment of $16.5 million in business intelligence firm L2, and he will now be advising a friend of over 20 years.

LoyalBlocks makes rewarding customers easier with a $9M first round

LoyalBlocks, a loyalty marketing solutions provider for small and medium sized businesses with physical locations announced today that it had raised $9 million in its first round of funding. The company plans on using the capital injection to expand US operations and continue developing its platform.