Global Savings Group (GSG), a Munich, Germany-based digital commerce platform, raised €19M in Series C funding.
The round includes €10.2m in equity a €9m credit line. Backers included Rocket Internet, Holtzbrinck Ventures, Deutsche Telekom Venture Funds, Ru-Net and Deutsche Bank.
The company wull use the funds to continue expanding its offering beyond online couponing, to further strengthen its travel and lifestyle deal business, and to enlarge its portfolio of solutions for media companies.
Led by Adrian Renner, Managing Director and Co-Founder, GSG operates a global digital commerce platform for publishers, advertisers and consumers. Its brands include Actiecode.nl, Actiepagina.nl, Black-Friday.sale, BlogdeChollos, CupoNation, Flipit.com, HolidayDetective, Kortingscode.nl, Serialdealer, and Savly. GSG’s publishing partners include the Daily Mail, L’Express, Le Monde, El Pais, Corriere Della Sera and many others.
The company expects to generate sales worth over USD 800m (EUR 673m) in 2017.