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Offers.com Gets $7.0M, Plans Hiring

Austin-based Offers.com, an online coupon and deals site, is announcing Monday that it has raised $7M in a growth equity investment, to accelerate its growth and expansion. The investment is coming from Susquehanna Growth Equity, LLLP. Offers.com operates an online web site which features discounts, coupon codes, online deals, and more from major online stores and other firms. The firm said it will use the new funding for marketing, product management, product development, and additional acquisitions--and also said it has big hiring plans. The firm said it hopes to hire 20 new full time employees over the next year, a 50 percent boost in its staffing. Offers.com was advised by Pharus Securities in the funding. The funding is the firm's first equity fundraising. More information »