Group Commerce Raises $10 Million for Daily-Deals Platform

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.

Trending on Xconomy