Dealised Powers Group Buying Sites, Raises $6.5 Million

Dealised, which offers technology that allows third parties to run a group buying service from their own websites, has raised $6.5 million in Series A funding. The Singapore company raised the round from SingTel Innov8, the SingTel Group?s corporate venture capital fund, and Australian VC firm Yuuwa Capital. Other Dealised backers include Sydney start-up incubator Pollenizer and a select number of (unnamed) angel investors. Dealised was originally founded in late 2009 to power Spreets, an Australian daily deals site that was acquired by Yahoo7! in Australia in 2010 for A$40 million (now close to $42.8 million).

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