Global Savings Group grabs fresh funding

Feb 6, 2020 • Bjorn Sunde

Deutsche Telekom Capital Partners and Rocket Internet contributed to a $13.3m round that will help the deals-focused e-commerce company grow in the US.

Germany-based e-commerce company Global Savings Group (GSG) secured €12m ($13.3m) on Tuesday from investors including telecommunications firm Deutsche Telekom and e-commerce holding group Rocket Internet.

Venture capital firms Holtzbrinck Ventures and RTP Global also participated in the round while Deutsche Telekom invested through corporate venturing arm Deutsche Telekom Capital Partners.

Founded in 2012 as CupoNation, GSG operates several online platforms that bring together deals and coupons from e-commerce operators around the world, helping them to reach new customers through special…

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