RetailMeNot Raises $87M

Austin based online coupon supplier ReatilMeNot has raised $87 million in financing. The financing comes from 11 investors, and is in addition to $150 million funding it receiving in 2011 from three investors.

Founded in 2007, RetailMeNot provides discount coupons for retailers. The company employs 330 workers in Austin. Company executives have considered an initial public offering, and so far have enlisted three investment banks to help the company prepare for an IPO.

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