savingscom logo raises $4 million in Series, an online company that allows users to search for coupons and discounts, has raised an amount of $4 million in the Series B of funding. The Santa Barbara, California based company also generates revenue from those merchants whom they direct customers. To make it easier for others to find coupons, users are allowed to rate the best coupons.

The current round of funding was lead by US Venture Partners. Other participants were not disclosed.

The company is determined to use its latest funding to develop the site into a key place for discount hunters.