Clarus Marketing Group, parent company of FreeShipping.com, a Wethersfield, CT-based members-only program for online shoppers who desire to have year-round free shipping, access to deals and shopping protection, has obtained a “significant” investment from Norwest Venture Partners.
The investment is intended to continue to grow the FreeShipping.com network and to increase strategic partnerships.
The program’s Premier Merchant Network has today 225 stores, which provide their members with exclusive and instant free shipping at the point of checkout. In addition, in the last 12 months, the company has secured 50 new marketing partners including Alibris, Amerimark, Carole Wright, Dr. Leonard’s and Footsmart.
Launched in 2002, FreeShipping.com provides its members with access to free shipping from their favorite merchants year round, their free return shipping benefit, and a complete price protection program, which protects shoppers with a 90-day low price guarantee.
In conjunction with the investment, NVP’s Jon Kossow, John Herr and David Su will join Clarus Marketing Group founder Vincent Villano on the company’s board of directors.
Clarus Marketing Group is led by Tom Caporaso, President and COO.
FinSMEs
25/01/2011