Social Rewards Gets $600K

Los Angeles-based Social Rewards, which operates an online, loyalty program which rewards users for social media activity for brands, has raised $600,000 in a seed funding round. The round came from the Tech Coast Angels, as well as Jeff Lapin (Starwood Hotels), Stuart Larkins (Performics), Kelly Perdew, Mi Ventures, and K5 Venture Partners. Social Rewards was founded by Joseph Morin and Mike Uesugi. The firm's service gives customers loyalty points for using Twitter, Facebook, Foursquare, and YouTube. More information »