Wanderful Media, a US-based online shopping company formerly known as ShopCo, has raised a further $9m from its existing investors, comprising a group of media companies.
The media investors include Advance Digital, AH Belo, Community Newspaper, Cox Media Group, EW Scripps, Gannett, GateHouse Media, Hearst, Lee Enterprises, MediaNews Group, McClatchy Company, and Washington Post. In January, Wanderful raised $22m from its investors.
The extra funding follows Wanderful’s relaunch of Find&Save, a service which allows readers to browse deals aggregated from newspaper circulars, retailers, and other data sources, after its acquisition of Travidia, the print-to-digital conversion company that started Find&Save.
Ben Smith, chief executive of Wanderful Media, said: “The latest round of funding emphasizes the continued enthusiasm from our core group of investors in the market potential and in our overall product strategy.”