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§ Private Profile · San Francisco, CA, USA
Group buying and daily deals platform offering exclusive offers for high-end local experiences in dining, spas, and travel.
Based in San Francisco, California, Bloomspot operated an online group buying platform and digital magazine that provided exclusive promotional deals on high-end local dining, spas, travel, and entertainment experiences. Prior to its acquisition, the company successfully scaled its operations to serve approximately 2 million consumer members and partnered with 500,000 merchants. The platform demonstrated strong consumer engagement, with internal data from June 2012 indicating that 72% of customers became repeat buyers who spent an average of $140 above the initial offer price. After raising $51.05 million in total funding to expand across major urban markets like New York City, Los Angeles, and Chicago, the 100-employee business was acquired by Chase Bank, a subsidiary of JPMorgan Chase, at a $35 million valuation in December 2012. Bloomspot was originally founded in 2009 by chief executive officer Jasper Malcolmson.
Bloomspot has raised $86.0M across 4 funding rounds.
Bloomspot has raised $86.0M in total across 4 funding rounds.
Bloomspot is a technology company founded in 2010 that operates as an online platform connecting sophisticated urban shoppers with exclusive, premium deals on local experiences such as renowned restaurants, luxurious spas, weekend getaways, and unique events.[1][2][3] Headquartered in San Francisco, it serves members in 10 core U.S. markets including New York, Los Angeles, Chicago, and Seattle, focusing on high-end merchants to ensure quality and profitability for partners.[1][3] The company has raised $50.7 million in funding across 4 rounds, with revenue reported between $26.2 million and $47.2 million, though it competes in the crowded daily deals space against players like Groupon and Yelp.[1][2]
Bloomspot targets affluent consumers seeking curated, non-generic offers unavailable elsewhere, solving the problem of discovering premium local experiences through a membership model that emphasizes personalization and exclusivity.[1][4] Its growth includes operations in hospitality and e-commerce, but recent data shows limited news or updates, with employee counts varying from 6-58.[1][2]
Bloomspot launched in January 2010 in San Francisco as a premium alternative in the emerging daily deals market, capitalizing on demand for high-end local offers amid the Groupon boom.[2][3][4] Key early figures included a Director of Engineering, Co-Founder & CTO, and VP of Engineering, though specific founder names are not detailed in available records; the platform quickly expanded to 10 major U.S. cities.[1][3] Pivotal early traction came from securing partnerships with top-tier merchants in restaurants, spas, salons, and resorts, differentiating it from mass-market competitors by prioritizing expertly sourced, profitable promotions for a targeted member base.[3][4]
The idea emerged during the 2010 daily deals surge, positioning Bloomspot for upscale experiences like international getaways and events, with backing from investors including True Ventures' managing partner.[3] It evolved from a local offers startup to a broader e-commerce and hospitality player, raising $50.7 million including a $5 million recent round, though no major pivots or recent milestones are noted.[1][2]
Bloomspot rode the 2010s daily deals and local commerce wave, addressing market forces like urbanization and demand for experiential spending among affluent millennials in major U.S. cities.[2][4] Its premium positioning timed perfectly with the shift from generic coupons (e.g., Groupon) to curated, high-value offers, influencing the ecosystem by elevating standards for merchant partnerships in hospitality and e-commerce.[1][3][4] In a landscape now shaped by personalization tech and post-pandemic experience recovery, Bloomspot's focus on 10 key markets like San Francisco and New York underscores timing advantages in localized digital marketplaces, though competition and stagnant news suggest challenges in broader adoption.[1][2]
Bloomspot's niche in premium local deals positions it for potential revival amid rising demand for personalized urban experiences, but limited recent activity and competition from larger platforms like Yelp signal risks without innovation.[1][2][4] Trends like AI-driven personalization and experiential travel could fuel growth if it expands beyond its 10 markets or integrates modern tech stacks. Its influence may evolve toward boutique e-commerce survival or acquisition, circling back to its core strength: bridging sophisticated shoppers with exclusive city gems in an increasingly fragmented deals ecosystem.[2][3]
Bloomspot has raised $86.0M across 4 funding rounds. Most recently, it raised $40.0M Debt / Series B in August 2011.
Bloomspot has raised $86.0M in total across 4 funding rounds.
Bloomspot's investors include Columbia Capital, InterWest Partners, Erik Blachford, Gary Parsons, Harrison Metal, Menlo Ventures, QED Investors, True Ventures, Western Technology Investment, Alsop Louie Partners, Audrey Capital, BlueRun Ventures.