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Tag Archives: Groupon

Groupon acquires UK’s Cloud Savings Company, parent of Vouchercloud, for $65M

Daily deals and local commerce site Groupon has announced an acquisition to ramp up its operations in discount offers and specifically those tied to loyalty programs. The company has acquired Bristol, UK-based Cloud Savings Company, the owner of Vouchercloud and Giftcloud, in a deal that Groupon said has an enterprise value of $65 million. The deal will give Groupon a ... Read More »

Latin America’s Groupon Mafia

Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. The founders of PayPal and its employees have produced many highly successful companies over the years. In fact, PayPal’s founding team often is referred to as the “PayPal Mafia” because they’ve had such an impact on the startup ecosystem. Peter Thiel, Elon ... Read More »

Groupon adds ad exec Steve Krenzer as new COO, sold assets to Grubhub for $20M

Groupon, the local deals platform, reported Q3 earnings today that provided more details on how it is restructuring its business; and it also took the moment to announce that it has finally appointed a new COO, a role that has been vacant for the last two years. Steve Krenzer, who had been the CEO of direct-ad specialist Core Digital Media, ... Read More »

Groupon’s billionaire cofounder Eric Lefkofsky just raised $70 million for his new company

Chicago billionaire Eric Lefkofsky has started five companies, none of which would seem to lead him to found a company that’s trying to cure cancer. Yet investors just gave his newest, two-year-old concern, Tempus, $70 million in Series C funding to do just that. No doubt they’re attracted to the company’s mission, which is to amass large quantities of genomic ... Read More »

Groupon’s billionaire cofounder Eric Lefkofsky just raised $70 million for his new company

Chicago billionaire Eric Lefkofsky has started five companies, none of which would seem to lead him to found a company that’s trying to cure cancer. Yet investors just gave his newest, two-year-old concern, Tempus, $70 million in Series C funding to do just that. No doubt they’re attracted to the company’s mission, which is to amass large quantities of genomic ... Read More »

Groupon debuts Groupon+, voucherless meal deals with Visa and Mastercard

Restaurant deals are some of the most popular offers on Groupon, the platform that lets you buy discounted experiences and goods from retailers near you. Today, the company is launching a new service to help promote that vertical more. Groupon+, as it is called, will let people use Groupon meal deals that they pay for with their Visa or MasterCard ... Read More »

Groupon shares drop on Q1 revenue miss, shutters businesses in 11 more markets

Groupon — the once-dominant daily deals business that has more recently tried to shift to other kinds of local commerce — today reported first-quarter earnings that pointed to a company still in transition — or struggling to turn itself around more successfully, depending on how you look at it. Dragged down by a 5.5 percent decline in its core market ... Read More »

Crunch Report | Facebook Hires 3,000 People After Getting Disturbed

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Why Silicon Valley’s ‘unicorn problem’ will solve itself

Mike Trigg is the COO of Hightail. The rise was like a tech startup fairytale. Within three years of founding, this unicorn company had raised more than $1 billion in venture capital — closing an astonishing $950 million in its final private round at a nearly $5 billion valuation. Revenue growth was skyrocketing from $30 million in year two to $713 ... Read More »

SumUp and Payleven merge as European ‘Square clones’ consolidate

Some consolidation afoot in the world of mobile payments: today Groupon- and BBVA-backed SumUp and Rocket Internet’s Payleven — two of the several European startups that cropped up in the wake of Square with their own smartphone accessories to make debit and credit card transactions — have announced that they are merging, creating a business with 1 million customers in 15 countries. The two ... Read More »

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