Dealised Powers Group Buying Sites, Raises $6.5 Million

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Dealised, which offers technology that allows third parties to run a group buying service from their own websites, has raised $6.5 million in Series A funding. The Singapore company raised the round from SingTel Innov8, the SingTel Group’s corporate venture capital fund, and Australian VC firm Yuuwa Capital.

Other Dealised backers include Sydney start-up incubator Pollenizer and a select number of (unnamed) angel investors. Dealised was originally founded in late 2009 to power Spreets, an Australian daily deals site that was acquired by Yahoo7! in Australia in 2010 for A$40 million (now close to $42.8 million).

The company also announced the appointment of Jonathan Marchbank, former Chief Operating Officer for Virgin Mobile US, as its new CEO.

Companies like media publishers, mobile operators and retailers use Dealised’s technology and services platform to create and manage their own deals.

Dealised says it will use its regional Asian headquarters in Singapore to drive global business expansion and develop mobile group-buying solutions. Its proposition reminds me a lot of Tippr, which also offers a white-label group buying solution dubbed Powered By Tippr, as well as ChompOn, Group Commerce and Deal Co-op.

Dealised is already working with several UK-based customers, including The Daily Telegraph, as well customers in Scandinavia, Australia, New Zealand, the Middle East and the US.