Global Savings Group (GSG) is the leading provider of savings platforms that offer users opportunities to save on shopping in a wide range of sectors in Europe. The savings experts from GSG seek out the best discounts, reductions, vouchers and deals from online shops and brands.
Founded by Dr. Gerhard Trautmann, Dr. Adrian Renner and Dr. Andreas Fruth in Germany, in 2013, Co-founder Pedro Clavería brought CUPONATION to Spain, the main branded platform of Global Savings Group. Since 2016, Corrado Rota is Co-Founder & Managing Director of the local entity. Today the group has different brands in Spain such as Cuponation, Cazaviajes and Blog de Chollos.
They have managed to grow amazingly in the last years, and are now present in 20 countries around the world, including Australia, Austria, Brazil, Denmark, Finland, France, Germany, India, Italy, Malaysia, Mexico, Norway, Poland, Russia, Spain, Singapore, Sweden, Switzerland and United Kingdom.
This growth is explained by their business model, based on connecting customers with multiple brands that are active in the most promising segments of performance marketing, a channel made to drive traffic and revenues to the purchasing funnel. This connection is made at different stages of that purchasing funnel, so they are able to generate more value for the advertisers, cover a wider range of targets in order to increase their revenues.
INVESTING TO GROW
Co-founded by Rocket Internet, Global Savings Group had the luck of growing in its incubator in Berlin during its initial phase. It later had a series of investments that helped them become stronger. In October 2014, they closed their Series A of 6million €. A year later, in December 2015, they closed a Series-B Financing Round of 10million €. All this money was spent on developing their unique platform infrastructure, which is the backbone of their company and the key asset to help them scale globally.
In addition to these rounds of investment, GSG is also backed by a set of global investors, which includes Rocket Internet, Holtzbrinck Ventures, New Enterprise Associates (NEA), e.ventures, ru-Net and Deutsche Telekom Strategic Investments (DTSI).