About Group Commerce
Group Commerce is a company based in New York (United States) founded in 2010 was acquired by Nimblecommerce in May 2013.. Group Commerce has raised $39.16 million across 3 funding rounds from investors including Icon Ventures, Lerer Hippeau and Nimblecommerce. Group Commerce has completed 1 acquisition, including Socialight.io. Group Commerce operates in a competitive market with competitors including Nimblecommerce, ChannelSight, Adimo, City Hive and Shopbeam, among others.
- Headquarter New York, United States
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Sectors
TechnologyRetail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Group Commerce Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.16 M (USD)
in 3 rounds
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Latest Funding Round
$21 M (USD), Series C
May 23, 2012
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Investors
Icon Ventures
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Nimblecommerce
(May 02, 2013)
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Funding Insights of Group Commerce
Group Commerce has successfully raised a total of $39.16M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $21 million completed in May 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $21.0M
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First Round
First Round
(23 Jun 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2012 | Amount | Series C - Group Commerce | Valuation | Spark Capital , Lerer Hippeau |
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| Jun, 2011 | Amount | Series B - Group Commerce | Valuation | Spark Capital , Lerer Hippeau |
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| Jun, 2010 | Amount | Series A - Group Commerce | Valuation | Spark Capital , Lerer Hippeau |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Group Commerce
Group Commerce has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Icon Ventures, Lerer Hippeau and Nimblecommerce. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location | |
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Sector-agnostic growth stage VC investment company funding companies in the US and Asia
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Group Commerce
Group Commerce has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Socialight.io. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Realtime social media data is analyzed for audience insights.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Group Commerce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Group Commerce Comparisons
Competitors of Group Commerce
Group Commerce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nimblecommerce, ChannelSight, Adimo, City Hive and Shopbeam, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital commerce platform is utilized by publishers to maximize revenues.
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| domain | founded_year | HQ Location |
Cloud-based marketing solutions for eCommerce are provided by ChannelSight.
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| domain | founded_year | HQ Location |
Digital marketing solutions for e-commerce brands are provided.
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| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Provider of fine art photography prints and books
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Group Commerce
When was Group Commerce founded?
Group Commerce was founded in 2010.
Where is Group Commerce located?
Group Commerce is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Group Commerce a funded company?
Group Commerce is a funded company, having raised a total of $39.16M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.16M, raised on Jun 23, 2010.
What does Group Commerce do?
Founded in 2010 and based in New York, United States, Group Commerce operates in the media technology sector. A cloud-based white-label platform is offered to enable publishers and media partners to enter the daily deal market. Relevant merchant matches are provided to monetize content through targeted deals. Clients such as Boston.com, CBS Local, and The New York Times Company are served by this service.
Who are the top competitors of Group Commerce?
Group Commerce's top competitors include ChannelSight, Nimblecommerce and Adimo.
How many acquisitions has Group Commerce made?
Group Commerce has made 1 acquisition, including Socialight.io.
Who are Group Commerce's investors?
Group Commerce has 5 investors. Key investors include Icon Ventures, Lerer Hippeau, Nimblecommerce, Spark Capital, and Viola Group.
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