Group buying site Spreets receives $2 million investment and joins forces
with brandsExclusive in new billion dollar industry
million in funding, with backing from two major European investors, Klaus Hommels
and Oliver Jung.
Hommels, whose investments include Facebook and Skype, and Jung are currently
concentrating their efforts on group buying sites around the world.
This new type of venture uses the power of social networks to offer significant
discounts to consumers, while promoting local businesses. National deals start
today with an offer from hip noodle-house Wagamama. Buy a $7 Spreets voucher
and get $20 to spend in the restaurants. Groupon (www.groupon.com) in the USA is
the world industry leader, valued at more than $1 billion after just 18 months.
Leading Spreets are some of Australia’s most respected entrepreneurs, Dean
McEvoy, Phil Morle and Justus Hammer. McEvoy’s first business, Booking Angel
top100 web 2.0 businesses.
Previously CTO of music-sharing site Kazaa, Morle is now director of web venture
bring focus to ideas and help develop them into successful businesses.
Online marketing expert Justus Hammer, who recently helped build GetPrice
senior position at Google to join the Spreets team. “I called Google up on what was
meant to be my first day and told them I had a better offer. Spreets is a once in a
lifetime opportunity”
Today, Spreets launches with a new design and announces an ongoing partnership
brandsExclusive’s 350,000+ active members quickly benefit with instant access to
Spreets offers nationwide. “We offer premium fashion and lifestyle products at up to
70% off,” says founder Daniel Jarosch. “So when we came across Spreets we knew
it was the perfect fit”.
Spreets has offices in Sydney, Melbourne and Brisbane, with plans to open in Perth
already underway. “In this competitive and fast-growing space we’re not just about
daily deals, we’re about helping busy people discover things they never knew they
loved,” says McEvoy.
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