Hot topics

    • news

    Comment

    Dealised Powers Group Buying Sites, Raises $6.5 Million

    Robin Wauters

    View Staff Page

    Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

    Tuesday, July 5th, 2011
    Comments

    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.

    Crunchbase

    Company: Dealised
    Website: dealised.com
    Launch Date: July 17, 2010
    Funding: $6.5M

    What is Dealised? Dealised is a plug-and-play Group Buying Platform, inspired by Groupon. It currently powers millions of dollars of deals around the world and includes a wide range of features, including a robust deal platform, payment gateway and email management. Why Dealised? Dealised is a premium, enterprise-grade group-buying platform and services provider. Our expertise lies in helping media companies enter and conquer their market quickly. We are not a turnkey solution. When you work with Dealised, you form a long-term partnership. Currently, there...

    → Learn more

    Tags: