In addition to Rebate Networks which has already invested 250 million yen, major VCs such as Global Venture Capital and DIT Partners join to invest 650 million yen in Piku Media operating group buying service. The fund raising is arranged by J-Seed, a venture incubator.
The president of the company said to expand the service in 47 prefectures with the capital.
Michael Brehm, founder of German largest social network service, Studi.vz, and Stefan Glaenzer, founder of music social network service, Last.fm and Europe's largest acution site, ricardo.de are a member of Rebate Networks.
ZDnet 7/9/2010
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