Checkmate, the automated savings platform for modern online shopping based in Los Angeles, has successfully raised $15 million in its Series A funding round. The round was led by GV (Google Ventures) and saw participation from notable investors such as Mantis VC (The Chainsmokers), Common Metal, BDuck Capital, Black Angels Group, and Wischoff Ventures, among others. This new funding will enable Checkmate to expand its operations and increase its business reach.
Under the leadership of CEO Harry Dixon, Checkmate offers a range of services to help users save money while shopping online. The platform identifies the best deals from emails and across the web and applies them at the checkout stage. It also provides a convenient dashboard to track package shipments and a digital wallet to store gift cards. Through its phone app, which leverages the Safari Mobile Browser via an extension, Checkmate automatically provides users with savings while they shop at over 40,000 stores. The platform extracts discount codes from emails, finds codes online, and partners exclusively with brands to offer new codes.
With the support of its investors and the newly raised capital, Checkmate aims to expand its operations and further develop its services. The company’s innovative approach to saving money during online shopping has garnered significant interest and investment from prominent individuals and venture capital firms within the industry.
