Group Commerce Raises $10 Million for Daily-Deals Platform

5/12/11

New York-based Group Commerce, which was founded by veterans of Google and DoubleClick, has raised a second round of funding only two months after emerging from stealth mode, according to All Things Digital. The company developed a technology that allows merchants and publishers to offer limited-time deals on the Internet. The funding round of $10 million brought Group Commerce’s total haul to $18.5 billion, and was led by Spark Capital, Carmel Ventures, Lerer Media Ventures, and Bob Pittman, chairman of media and entertainment platforms at Clear Channel.

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  • http://www.sliqq.com Scott

    With almost every major “deal” website having daily deals, newspapers, and the major players the market to me seems to be boring at this stage of the game. At least http://www.sliqq.com might be different