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The Myth Behind Growing Your Daily Deal Subscriber Base

Groupon Reveals New Epic Adventure

Will Smith makes Investment into Fancy

will smith invests in fancyFancy just raised a $27 million round, and it includes some notable investors.  According to Bloomberg, investors included AMEX billionaire Len Blavatnik and actor Will Smith.  

Fancy, a site similar to Pinterest but geared more for e-commerce has raised more then $80 million in funding and has revenues of $3 million per month.  There were rumors of Apple acquiring Fancy last year, but the deal fell through. 

Previous investors include Jack Dorsey, co-founder of Twitter and Facebook co-founder Chris Hughes.  

 

DDM Admin

Daily Deal Media covers the growing power of social buying generally called “Daily Deals”. With the explosion of companies like groupon, livingsocial and many others, the way consumers purchase online may have been altered forever. Which companies will emerge as front runners in this space, and who are some of the executives behind them? Which investors stand to gain the most, and which companies have they backed? Daily Deal Media helps you keep up with this fast pace industry, and provides valuable insight, resources, industry reports, forums and more.
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