Global Savings Group

Global Savings Group GmbH (GSG) is a privately held international commerce content and affiliate marketing company, that combines multiple savings portals in over 20 countries. The company owns CupoNation as well as further discount code and deal sites across Europe, and operates coupon portals for publishing houses.[2][3] GSG has won the German Deloitte’s Technology Fast 50 award[4] and was included in Deloitte’s Technology Fast 500 EMEA list in 2017. In 2016, the company generated $546 million in sales for retailers.[5] The company is headquartered in Munich, Germany.

Global Savings Group
TypePrivate
IndustryOnline Marketing
Founded2012
FounderAndreas Fruth, Adrian Renner, Gerhard Trautmann
Area served
Worldwide
ServicesOnline services
Revenue € 19.5 million (2016)[1]
Number of employees
~350 (2017)
Websitewww.global-savings-group.com

History

The Global Savings Group was founded in 2012 by Andreas Fruth, Adrian Renner and Gerhard Trautmann together with Rocket Internet. They had also previously collaborated on Dropgifts GmbH, a site that allowed users to engage in social and mobile gifting.[6] The company raised €35.2 million in funding from Rocket Internet, Holtzbrinck Ventures, ru-net, New Enterprise Associates, Silicon Valley Bank and Deutsche Bank.[7] In 2016 the company changed its name from CupoNation Group.[8] In 2019, Global Savings Group acquired the UK-based money-saving browser extension provider Pouch for a cash purchase in the 7-figure US dollar range. [9] In 2020, Global Savings Group acquired French cashback company iGraal for €123.5 million from M6 Group in a mixture of cash and stock.[10]

References
  1. "FT1000 Ranking 2018". Financial Times. Retrieved 8 May 2018.
  2. "Rocket-Backed Coupon Site Partners With Daily Mail for U.K. Push". Bloomberg News. Retrieved 12 December 2017.
  3. "Spiegel Online eröffnet Gutschein-Portal". Turi2. Retrieved 12 December 2017.
  4. "Deloitte Technology Fast50 2017". Deloitte. Retrieved 12 December 2017.
  5. "Rocket Internet Gets Boost as Its Coupon Startup Has Profit". Bloomberg News. Retrieved 12 December 2017.
  6. "StartUp Grind". StartUp Grind. Retrieved 12 December 2017.
  7. "Global Savings Group on Crunchbase". Crunchbase. Retrieved 8 May 2018.
  8. "CUPONATION Revamps as Global Savings Group to Boost Position in Performance Marketing". PerformanceIn. Retrieved 12 December 2017.
  9. "Pouch, the browser extension that surfaces discount codes, has been acquired by Global Savings Group". TechCrunch. Retrieved 13 February 2020.
  10. "Global Savings Group acquires French cashback company iGraal for €123.5M". TechCrunch. Retrieved 10 June 2020.
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