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Posts Tagged ‘yahoo!7’
News - Wednesday, July 6, 2011 13:29 - 2 Comments
Pollenizer coup: Dealised wins $5m round
Australian tech startup incubator Pollenizer has notched up another major success, announcing this morning that its Dealised portfolio company whose technology underpins Australian group buying site Spreets has taken a $5 million investment round led by a venture capital fund belonging to Singaporean telecommunications giant SingTel.
When Yahoo!7 bought Spreets in January this year for $40 million, the Dealised technology underpinning the group buying site was retained, with local ownership rights over it held by Yahoo!7, but international rights remaining with Dealised.
Dealised is currently successfully leveraging the platform internationally, working with several UK-based customers, including The Daily Telegraph, as well as Mecom in Scandinavia and other companies in locations such as the Middle East and the US. Customers are able to use the Dealised platform to leverage their own brands into the burgeoning group buying market.
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