edo, one of several startups chasing the intersection of deals and credit and debit cards, has landed another $15 million in venture capital.
The company, co-headquartered in Chicago and Nashville, Tenn., is backed by VantagePoint Capital Partners and Chicago-based Baird Venture Partners. Including the new investment, Edo so far has raised $54 million from the two investors.
Edo plans to use some of the new investment to expanding into local merchants, potentially putting it in competition with Groupon Inc.
The company has more than 20 people working at its sales and technology operations in River North and could easily double its local headcount in six to nine months, said CEO Ed Braswell. The company employs about 75 overall.