Thursday, December 20, 2012
Bloomspot Acquired By Chase Bank
San Francisco-based Bloomspot, a provider of daily deals and local offers, has been acquired by Chase Bank. Financial terms of the deal were not announced, however, Dow Jones placed the deal at around $35M, citing a source close to the company. Bloomspot was venture backed by InterWest Partners, Columbia Capital, Menlo Ventures, True Ventures, QED Investors, Harrison Metal, Western Technology Investment, among others, and had raised around $46M in funding.