Savings.com brings in $4M for online coupon service
Savings.com, a website that lets consumers search for coupons and discounts, announced today that it received $4 million in a second round of funding led by US Venture Partners, reported PE Week Wire. The names of other contributors were not disclosed.
The Santa Barbara, Calif.-based company also makes some money off sales commissions from the merchants they direct customers to, but that doesn’t influence its coupon search function. Instead, the site’s users are able to rate the best coupons to make them easier for others to find.
The company plans to use its new funding to continue developing the site into a major destination for discount seekers.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.