• European Startups Race To Emulate Groupon

    Wednesday, January 6th, 2010

    Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

    The Chicago-based Groupon has been valued at $280 million after closing their recent $30 million venture round with Accel Partners and previous investors. Clearly Groupon’s new take on group buying is a hot space right now.

    Now DailyDeal.de in Berlin, a Groupon-like startup, has attracted Stefan Glänzer (an early investor in Last.fm), Michael Brehm (Ex-StudiVZ) and Jochen Maaß as seed investors. This investment effectively fires the starting gun on the race to build the European “take” on Groupon.

    Meanwhile – even while at least five other UK startups prep their own versions – Groupon has already rolled out a London service, showing a London landing page to UK visitors to its .com site via IP targeting.

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