Offers.com, an Austin, Texas-based savings resource leader in the online coupons and deals segment, has closed a $7m growth equity investment from Susquehanna Growth Equity.
This minority investment will help the company accelerate its expansion plans. Launched in February 2009, the company aims to help consumers find offers, coupon codes and online deals for their needs from leading online stores and companies.
o over 200 categories including travel, software and electronics, clothing, shoes, and more.
Offers.com, which recently launched Offers.com Canada and Offers.com UK, focuses on delivering dependable and reliable offers by providing quality editorial content. Its editors and content specialists verify, rate, categorize and update all offers on a daily basis. As aslo stated by Steve Schaffer, founder and CEO of the company, “We are anxious to take Offers.com to the next level, and our investment from Susquehanna Growth Equity will help us dramatically accelerate our growth”.
The investment will also be used for marketing, product management, product development and additional acquisitions. Offers.com plans to increase staff by adding over 20 new full-time employees over the next year, a 50% increase.