Former Apple Executive’s SessionM Raises More Than $12 Million

Startup SessionM, which runs mobile-loyalty and advertising programs for companies and apps, has closed a funding round of more than $12 million as it expands to serve large corporate clients.

Causeway Media Partners led the effort with Commerce Ventures and existing investors Charles River Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers taking part. The round brings Boston-based SessionM’s total funding to $38.5 million.

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