Congratulations to Under the Radar alumni Fanminder on raising $1 million in funding from Silicon Valley executives including Square COO Keith Rabois and PayPal VP of Marketing Peter Karpas.

Fanminder is also rolling out version 2.0 of its customer loyalty platform. Fanminder offers small businesses a web-based dashboard enabling the creation of coupons and discounts distributed via mobile, email and social networking sites and redeemed in-store on customers’ phones. Fanminder 2.0 introduces a series of new features including mobile-optimized webpages for each promotion, an offers gallery, themes and expert-created marketing campaigns. More than 6,000 small businesses are now using Fanminder services, with another 1,000 SMBs signing on every month. Fanminder is currently in the process of raising Series A funding.

See their 2010 Under the Radar Presentation HERE.

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