CityDeal Gets Another 5 Million Euro
Mar 18th, 2010 by admin
The next round in CityDeal poker: Not two months have passed for the Groupon clone since their first 4 million euro, and now they are getting a 5 million euro injection from the Samwer house: "The new investment comes from an international group made up of the Swedish Investment AV Kinnevik, along with Germanys Holtzbrinck Ventures and eVenture Capital Partners and, of course, the Samwers own incubator Rocket Internet."
Picture of Groupon Fever: CityDeal Gets Another 5 Million Euro [source:excitingcommerce.com]
It would be interesting to know if the existing investor group would endlessly pump in money or if fixed limits have been set by some of the individual financiers for when they would throw in the towel.
Groupon has announced their European start for this year.
Deals Of The Day: Stylekick, Stylefeeder, CityDeal, KupiVIP, Wahanda, Mytheresa, Personello Groupon Fever: BuyWithMe Gets $5.5 Million More Funding for Groupon-like Clones
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
Related posts: