Crowdsourcing app BeMyEye completes €6.5m Series B and major acquisition
Purchase of European rival LocalEyes gives company access to 250,000 customers as it looks to invest in product development and grow overseas
BeMyEye, a London-based mobile crowdsourcing app, has closed a €6.5m Series B funding round from Nauta Capital, P101 and 360 Capital, and announced the acquisition of its competitor LocalEyes.
Founded in 2011 by Gian Luca Petrelli, BeMyEye enables consumers to make money from their smartphones by connecting them with brands looking for location-specific information. This helps brands identify new revenue streams, increase brand awareness and make savings.
Users can volunteer for “micro-jobs” jobs on the free app, earning cash for visiting local stores or points of interest. BeMyEye is connecting people with some major global brands including Coca Cola, P&G, Nestle, Samsung and Heineken.
The funding will fuel product development, double the size of the company’s technology team and boost international growth. BeMyEye’s acquisition of LocalEyes will increase its customer base to 250,000, as it strives for a leading position in the European mobile crowdsourcing market.
Luca Pagano, CEO at BeMyEye, commented:
“We are so convinced of the global opportunity for mobile crowdsourcing that this year we moved our headquarters from Milan to London’s Tech City. This will give us access to some of the very best talent and enable us to better connect with global brands and support their businesses all over the world.”
Carles Ferrer, partner at Nauta Capital, added: “BeMyEye is proven as the European market leader in this high growth space. The power of the crowd to give businesses feet on the street is a model where we see huge potential. We’re delighted to support BeMyEye in its continued international expansion.”