Cuponation, a Munich, Germany-based operator of digital destination platforms for offering the best in discounts & bargains across retail around the globe, raised €10m in Series B funding.
Backers included Rocket Internet, Holtzbrinck Ventures, New Enterprise Associates (NEA), e.ventures, ru-Net, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia Lake Partners.
The company is using the funds for global expansion with the launch of new platforms in new markets and growth in existing locations.
Founded by Gerhard Trautmann, Adrian Renner and Andreas Fruth in 2012, Cuponation operates digital destination platforms that enable users to discover opportunities to save from all stores and brands across all categories from anywhere around the globe. It collects all available coupons, discounts and deals from online stores into one website and enables customers to save on their everyday online shopping.
The company, which also has offices in Paris, Madrid, Amsterdam, São Paulo, New Delhi and Moscow, operates more than 40 platforms in in more than 20 countries with discounts from over 25 000 online stores and brands, including Amazon, Asos, Zalando and Domino’s.