Deals

Bloomspot gets $9M to grow its high-end daily deals site

Daily deals site Bloomspot has closed a $9 million round of funding, the company announced today. The round was led by Menlo Ventures with participation from True Ventures and Harrison Metal.

Like popular site Groupon, Bloomspot offers group bargains each day, but Bloomspot focuses on deals from high-end merchants like hotels, restaurants and spas. The startup targets affluent yet bargain-conscious women between the ages of 30 and 50, and the average deal is more than $75–though some are much pricier.

If users sign up for a program called Community Circles, Bloomspot will donate a percentage of each purchase to a local non-profit organization. The San Francisco Food Bank and Kiva are just two organizations that benefit from the program.

Currently in San Francisco, New York City and Los Angeles, the company plans to expand to Boston and Washington D.C. this fall. Founded in 2009, Bloomspot raised $2 million in seed funding that year and the site has been live since January.

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  1. [...] business model in 2010, when it was positioned as a daily deal site for the wealthy. That year they raised $9 million. Malcolmson says bloomspot no longer sends consumers deals on a daily [...]