Global Savings Group (GSG), a Munich, Germany – based provider of Commerce Content Solutions, raised $13m in funding.
Backers included existing investors Rocket Internet, Holtzbrinck Ventures, DTCP and RTP Global.
The company intends to use the funds to further expand its presence within the U.S. and UK markets and to fund future acquisitions.
Recently, GSG also announced that they had entered exclusive negotiations for French cashback player iGraal from M6 Group, valued at $137M.
In January of 2019, GSG had acquired Pouch, a U.K.-based money-saving browser extension. Pouch’s internet browser extension searches over 3,000 e-commerce sites in the UK for active voucher codes on Chrome, Safari and Firefox browsers. Following the acquisition, the solution was incorporated into the company’s white-labeled offering. The following month, GSG opened its first office in the U.S. market. The new office, in Atlanta, Georgia, joined GSG’s list within major global cities, including Amsterdam, Kuala Lumpur, London, Madrid and Warsaw. The U.S. operations are being led by the company’s CRO, Johannes Wirth, out of the Atlanta office, which hired 30 employees in 2019.
Founded in 2012, Global Savings Group provides a PubTech platform for Commerce Content operating 100+ digital assets with leading publishers, enabling them to monetize by delivering inspirations, recommendations, deals and discounts to consumers. The company has a team of 400+ who funnels more than 1.5 million purchases every month.