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Daily Deal secures €7m to fight German rival City Deal

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[Germany] While the Groupon-clone fall out has already begun in the UK, it’s looking more and more like a two horse race in Germany based on funding alone.

Berlin-based Daily Deal, whose main rival is the Samwer brothers’ City Deal, has secured a further 7 million euros, this time from Mangrove Capital Partners and Adinvest.

Stefan Glänzer (an early investor in Last.fm), Michael Brehm (Ex-StudiVZ) and Jochen Maaß are existing seed investors.

Daily Deal says the new money makes it a long-term and serious player in Germany. “We are now immediately available in the next stage of our company development. Now the fun begins!”, says Fabian Heilemann, founder and CEO of Daily Deal.

Rival City Deal is equally well backed. We total it up to over €9 million from Swedish Investment AV Kinnevik, along with Germany’s Holtzbrinck Ventures and eVenture Capital Partners and the Samwers’ own incubator Rocket Internet.

Of course, Germany and the UK aren’t alone in Europe in terms of Groupon-clones, some more literal than others. Only this week we reported on one Russian clone that has copy/pasted not only the group buying model but Groupon’s exact site design. While in China, one site has gone even further, copying the Groupon name.

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