Move Over Draper: Savveo Gets $2M to Improve Local Advertising
August 14, 2012
Web startup Savveo is hoping to bring efficiency to local advertising with a $2 million Series A investment from BayCrest Capital and a host of individual investors. Savveo, which is expected to launch later this year, will serve as a central online marketplace for local ads, buyers and sellers, something CEO Shafi Mustafa says doesn’t exist yet. The Charlotte, NC-based company was created by the founders of OverstockAds.com, a portal of discounted advertising inventory.