Spotlight


Groupon


Groupon: Powering an E-commerce Pioneer
Sector: Consumer Internet/Mobile
Stage: Venture + Growth
Location: Chicago, IL
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Situation

  • The Battery team identified “group buying” early on as one of the breakout categories in the new models of e-commerce.
  • Battery evaluated a set of emerging firms and pinpointed Groupon as having the highest potential; Battery engaged with the team more than one year before investing.
  • In early 2010, Battery invested in a $135M financing round to build out the engineering and sales team, and expand footprint into new geographies.
  • In 2011, Battery continued to back the company as part of a $1B round, raised to facilitate further expansion, including acquisitions.

The Battery Difference

  • Supported and steered team through massive and rapid growth worldwide.
  • Identified and assisted with acquisitions.
  • Recruited additional management to support founders and drive company growth.

Results

  • By October 2010 Groupon had more than 35 million registered users.
  • Groupon executed the largest IPO by an Internet company since Google in 2004.
  • NASDAQ: GRPN, November 2011