Group Commerce Inc. said it raised a $21 million Series C round of funding from Jafco Ventures and existing investors Spark Capital, Carmel Ventures, and others. The funding will be used for technology development and to expand in the U.K., Germany and other European countries. PRESS RELEASE Group Commerce Receives $21 Million for Product Development [...]
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Ken Lerer can’t seem to stop getting his hands on money this year. First, Lerer Ventures, the namesake VC firm he runs with his son, closed $25 million from friends and family offices in May to follow up on his successful $8.5 million vehicle that closed in 2010. Now Lerer is also closing in on [...]
Group Commerce, the New York-based daily deals site, has raised a second round of “more than $10 million,” a source familiar with the deal told peHUB. A formal announcement is expected this week or next and should include some or all of its prior investors, Spark Capital, Lerer Media Ventures, and Carmel Ventures, multiple sources [...]