Groupon buys VC-backed Ideeli

Ecommerce company Groupon has acquired Ideeli, the latter announced in a blog post on its site. No financial terms were disclosed; however, various news outlets report the sum to be $43 million. Based in New York, Ideeli is a flash sale website. Its backers included Kodiak Venture Partners, betaworks, Constellation Partners, StarVest Partners, Next World Capital, Cue Ball and Credit Suisse.

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget