Groupon: Powering an E-commerce Pioneer
Venture + Growth
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.
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