Groupon
Latest round
- Series G
Last raised
- Jan 2011
Total raised
- $1.1B
Investors
- 13
About Groupon
Founded in 2007 in Chicago, Illinois, Groupon Inc. focuses on delivering local deals to consumers through its platform. The company has undergone strategic pivots to adapt to market needs. Key founders include Brad Keywell and Eric Lefkofsky, who have a history of entrepreneurial ventures.Groupon operates as a digital marketplace offering a wide range of local deals across various categories, including beauty and spas, food and drink, travel, and entertainment. The company's core product offerings revolve around providing discounts and promotional vouchers to consumers for services and experiences in their local areas, facilitating access to activities such as massages, restaurant meals, and adventure experiences. Groupon's platform connects consumers to merchants, enabling users to discover and redeem deals through both its website and mobile application, which enhances the ease of accessing discounts on the go. The company serves a diverse customer base that includes both individual consumers seeking deals and businesses looking to attract customers through promotional activities.Groupon generates revenue primarily through the sale of vouchers and promotional deals, operating on a commission-based model where they take a percentage of the transaction value once a voucher is redeemed.69 mn. The company engages in business-to-consumer (B2C) transactions, where customers purchase discounted deals directly from merchants through its platform, often facilitated by promotional codes such as those used during seasonal sales events. Groupon's revenue structure may also include partnerships with various service providers and businesses that utilize its platform for advertising and promotional services. The platform's flagship offerings include significant discounts across categories like beauty treatments, dining experiences, and recreational activities, which are designed to drive consumer engagement and repeat purchases.Groupon's future growth strategy includes plans to introduce new products tailored to enhance user experience and maintain engagement. The company is focused on expanding its market presence in Asia and additional European countries by mid-2025.00 mn will be utilized to support these expansion efforts and the development of innovative service offerings. Groupon aims to leverage its existing infrastructure to penetrate these new markets effectively while continuing to optimize its platform for consumer interaction.
Who invested in Groupon
13 investors across 5 rounds
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Questions about Groupon
Who invested in Groupon?
Groupon has 13 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Groupon raised?
Groupon has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Groupon last raise money?
Groupon's most recent round on record is a Series G, in Jan 2011.
What does Groupon do?
Founded in 2007 in Chicago, Illinois, Groupon Inc.
Where is Groupon headquartered?
Groupon is headquartered in Chicago, US.
Which VCs invest in companies like Groupon?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Groupon's stage. Their profiles are linked below.
VCs backing internet startups at Series G
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