About Spreets
Spreets is a Retail company based in South Melbourne (Australia) founded in 2010, and was acquired by Yahoo in January 2011. Local deals are aggregated from partner websites for various categories. Spreets has raised $1.2 million across 1 funding round from investors including Yahoo and Mangrove Capital Partners. Spreets offers products and services including Spreets Platform and Deal Emails. Its focus areas include Coupons and Deals, Deals and Deal Discovery. Its competitors include Simcast, SneakQIK and CatchUs.
Company details
Spreets was established in 2010 in South Melbourne, Australia, as a group buying platform in the e-commerce sector. Partnerships were formed with 50 websites to source deals in restaurants, spas, activities, fashion, homewares, and electronics. Local services were offered to Australian customers. The company was acquired by Yahoo!7 for 40 million after 11 months, with its CEO transitioning to Yahoo Australia.
- Headquarters South Melbourne, Australia
- Stage Acquired
- SectorsRetail
- Website spreets.com.au/deals/Brisbane
- Social LinkedIn X Facebook
- Acquired by Yahoo (Jan 2011)
Products & Services of Spreets
Spreets offers a comprehensive portfolio of products and services, including Spreets Platform and Deal Emails.
Online service for browsing and purchasing daily deals
Email notifications for promotional offers and updates
Funding Insights of Spreets
Spreets has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Angel Round of $1.2 million completed in June 2010. 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 $1.2M
- Total Rounds 1
- Last Round Angel Round — $1.2M
- First Round $1.2M
(Jun 2010)
- Investors Count 1
All 1 funding rounds of Spreets with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2010 | $1.2M | Angel Round | – | – |
2 investors in total: 2 institutional.
Investors in Spreets
Spreets has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Yahoo and Mangrove Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward tech sectors. | mangrove.vc | Luxembourg, Luxembourg | ||
News, insights, and services are delivered via an online platform. | 1994 | yahoo.com | New York, United States |
Investor details for Spreets
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Spreets
3 dated milestones of Spreets across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Spreets is founded.
- Funding First funding round of $1.2M.
- Exit Acquired by Yahoo.
Competitors of Spreets
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simcast.com | 2002 | Surrey Hills, Australia | Online discovery platform providing deals on multi-category products | |||
| sneakqik.com | 2008 | Gordon, Australia | Operates an online platform for discovering deals and coupons on multi-category products. | |||
| catchus.com.au | 2022 | Sydney, Australia | Online retail platform selling general merchandise via website. |
Detailed competitors of Spreets
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Spreets
The website of Spreets (spreets.com.au) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 8% vs previous month
Websites whose visitors overlap most with Spreets. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ourdeal.com.au | ourdeal.com.au | 100% | – | ||
| scoopon.com.au | 100% | 680.7K | #138,475 | View details | |
groupon.com.au | groupon.com.au | 100% | #42,070 | – | |
deals.com.au | deals.com.au | 100% | #2,150,980 | – | |
cudo.com.au | cudo.com.au | 100% | #556,142 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Spreets
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Spreets
Spreets was founded in 2010.
Spreets is headquartered in South Melbourne, Australia. It is registered at South Melbourne, Victoria, Australia.
Spreets is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Angel Round of $1.2M, raised on Jun 2010.
Spreets was established in 2010 in South Melbourne, Australia, as a group buying platform in the e-commerce sector. Partnerships were formed with 50 websites to source deals in restaurants, spas, activities, fashion, homewares, and electronics. Local services were offered to Australian customers. The company was acquired by Yahoo!7 for 40 million after 11 months, with its CEO transitioning to Yahoo Australia.
Spreets offers Spreets Platform and Deal Emails.
Spreets has 2 investors. Key investors include Yahoo, and Mangrove Capital Partners.
Yes. Spreets was acquired by Yahoo in January 2011.