 pressChase Acquires Local Offers Startup BloomspotTechCrunch – December 20, 2012Bloomspot, a San Francisco-based local offers company which debuted back in 2010, has been acquired by Chase Bank, a subsidiary of JPMorgan Chase & Co., to form the basis of forthcoming offers-focused products, the companies are announcing today. Terms of the deal are not being disclosed at this time, but it involves the acquisition of both the technology Bloomspot developed, as well as its team. Read more... JPMorgan Chase Buys Silicon Valley Firm to Expand Card MarketingReuters – December 20, 2012JPMorgan Chase & Co (JPM.N), one of the biggest card issuers and transaction processors, said it has bought Silicon Valley firm Bloomspot Inc to expand its consumer marketing programs for merchants. Read more... Chase to Acquire Innovative Silicon Valley Start-Up Bloomspot, Inc., Expands Capabilities in Merchant OffersMSN – December 20, 2012Chase Bank USA, NA, a subsidiary of JPMorgan Chase & Co. JPM and Bloomspot, Inc. today announced that they have signed an agreement and plan of merger whereby Chase will acquire Bloomspot, a provider of targeted merchant offers. Read more... Driving Loyalty: Offer Provider Bloomspot Reports 72% Customer Repeat RateTechCrunch – June 15, 2012Although sometimes lumped in with group deal providers like Groupon or Living Social, Bloomspot operates quite differently. Instead of group deals targeted at the masses, it offers exclusive deals targeted specifically at a merchant’s best customers. Through Bloomspot’s rewards program, customers provide the company with permission to analyze their credit card data at places where the offer is being run, allowing the deal provider to track whether or not it was redeemed, and how much else the customer may have spent there. Read more... How to Transcend The Conventional Valentine's Dinner DatePRWeb – February 1, 2012This Valentine’s Day, one pair of lucky lovers can indulge in an ultimate Valentine’s Day experience that puts a luxurious spin on the conventional dinner date. With a $25,000 price tag, a romantic coastal setting, and a roster of celebrity names—including Michelin-starred Saison Chef Joshua Skenes, San Francisco’s beloved Lori Baker of Baker & Banker, famed sommelier Rajat Parr, and celebrated florist Natalie Bowen. Read more... How to Spend $25,000 on Valentine’s DaySan Francisco Business Times – February 1, 2012To all those romantics out there who say you can’t put a price on love, I say: You must not be a member of Bloomspot. The InterWest-backed company is taking the latest trend in the premium daily deal space — the exclusive, curated experience — to its apparently logical conclusion: a $25,000 night (a Tuesday night, no less!) at an oceanfront Big Sur estate. Read more... Bloomspot Celebrates Anniversary with "Best of Bloomspot"– January 5, 2012Bloomspot today celebrates its second year of connecting sophisticated shoppers with exclusive offers in their cities--from great getaways, to renowned local restaurants, spa services and more. To mark this anniversary, Bloomspot has identified the "Best of Bloomspot" offers from 2011, reteaming with favorite local businesses to present the most popular Bloomspot packages. "Best of Bloomspot" offers are available now to Bloomspot members in New York, San Francisco, Boston, Chicago, Denver and Seattle and will close at midnight January 6th (PST). Read more... Bloomspot Launches Concierge, Creating Personalized Member Experiences and Highlighting the Most Relevant Local Offers– December 12, 2011A common criticism of the daily deal space is that most deals simply aren't relevant to consumers. Today, Bloomspot, a leading provider of exclusive local offers, tackles the complexity of relevancy with the launch of Concierge. Through Concierge, Bloomspot members can receive highly targeted offers matched to their personal interests, while continuing to discover the best their city has to offer. Read more... Bloomspot Packages Great Local Experiences for Unique Holiday Gifts– November 30, 2011In the spirit of the holidays, Bloomspot, the best place to find exclusive offers on everything from the hottest restaurants in town, to great getaways and spa services, now makes it easy to give these experiences as gifts to friends and family through its new gifting feature. "A big trend this holiday is to give the gift of an experience. Whether it's a great massage at the most indulgent spa in town, or an incredible meal cooked by a celebrity chef, Bloomspot puts extra effort into packaging these experiences to create exclusive offers that make unique holiday gifts," said Lily Shen, chief marketing officer of Bloomspot. Read more... As Groupon Preps IPO, Google & Startups Grab MerchantsForbes – November 2, 2011Steve Chen owns 5A5, one of San Francisco’s better steak houses. He’s been contacted by 100 daily-deal companies over the past year to sell happy hour and porterhouse discounts. He thought about going with the leader of the pack, Groupon, but went with a startup called Bloomspot. It provides some things Groupon does not. Bloomspot guarantees a certain check size and gives Chen the ability to target more frequent diners and limit the deal to just Sunday through Thursday nights. Read more... Bloomspot Releases Data Showing Superior Customer Spend and Return RatesMarketwire – October 6, 2011Bloomspot, the leading local offer provider focused on merchant profitability, today released data demonstrating the company's ability to deliver profitable customers to its merchant partners. For the first time in local marketing, results on first-time customer spending and repeat visit behavior are being made public. The release of this proprietary data serves as the next step in bloomspot's mission to transform local marketing for merchants. Read more... Daily Deal Sites Must Be Profitable And Relevant For Local MerchantsBusiness Insider – August 25, 2011Hear directly from Jasper Malcolmson, bloomspot CEO, on why the current daily deal model for local offers is unprofitable for many merchants and unsustainable in the short and long term - and what needs to change. Daily deals have quickly shifted the local marketing landscape from traditional advertising to blanket discounts aimed at driving first-time customer acquisition en masse. Read more... Bloomspot Unveils Groundbreaking Performance-Based Model for Local MarketingMarketwire – August 9, 2011Bloomspot, a leading online offer platform for customers seeking to discover their next local favorite, today unveiled a performance-based business model that takes responsibility for the profitability of its merchant partners. The company is closing the redemption loop by delivering complete transparency around consumer spend and return, and now guarantees profitable spending levels from bloomspot customers. Read more... Bloomspot Raises $40 Million To Prove Their Local Offers Model Works - And They Guarantee It DoesTechCrunch – August 9, 2011Bloomspot has a take on the local offers model based on success — for both merchants and customers. And investors are buying into it big time — to the tune of a fresh $40 million in funding. To be clear, Bloomspot does not orient themselves around “group deals”. Instead, they focus on offers from high-quality merchants looking to connect with their best customers. Said another way, they’re not looking to send deals to the masses, they’re looking to connect certain vendors with (hopefully) loyal consumers. The offers they serve are more highly tailored for specific interests. Read more... New Merchant Survey Reveals Discount Luxury Site bloomspot Leads in Merchant SatisfactionBusiness Wire – May 17, 2011SAN FRANCISCO--(BUSINESS WIRE)-- bloomspot (www.bloomspot.com), a leading online destination for discounted luxury experiences, today released results of a survey highlighting merchants’ superior levels of satisfaction in working with bloomspot. According to the recent survey conducted with bloomspot merchant partners: 93% of merchants said that bloomspot represented their brands extremely well – and in 48% of those cases, even made their brands more aspirational, Read more... Bloomspot Says There's Room for One MoreWSJ | All Things D – May 16, 2011With two dominant players–Groupon and LivingSocial–in the daily deals space and hundreds of copycats popping up in every city, a frequently asked question is, is there room for anyone else in the market? Jasper Malcolmson, the CEO of Bloomspot, a San Francisco-based startup doing something very similar, says it’s a no-brainer. Of course there is room for another player. When you stop and listen to what he has to say, the former Yahoo exec makes a pretty compelling argument. Read more... Luxury deal site Bloomspot gains $9 million in new fundingInternet Retailer – September 20, 2010BloomSpot Inc., the operator of flash-sale site Bloomspot.com, has received $9 million in new funding. The site, which tries to appeal to older, more affluent buyers with luxury services, began offering deals in January. The site serves consumers in New York, San Francisco and Los Angeles and is rolling out offers to Boston and Washington. Read more... Bloomspot Secures $9 Million in Funding Led by Menlo VenturesBloomspot News – September 16, 2010Bloomspot, a flash sale service focused on luxury hotels, restaurants and spas announced today it has closed a Series A round of funding for $9 million in capital led by Menlo Ventures with participation by seed investors True Ventures and Harrison Metal. Other investors part of Bloomspot's initial seed round, closed March 2009, include prominent SiliconValley executives Jeff Weiner, CEO of LinkedIn, Erik Blachford, Chairman of TerraPass and former CEO of Expedia Inc., and Brad Garlinghouse, President at AOL, Consumer Applications Group. Read more... Bloomspot: S.F. 'flash sale' site cofounded by Yahoo alumni wins $9MSan Jose Mercury News – September 16, 2010"The more affluent, mature consumer is seeking value for indulgent experiences with exceptional merchants," Bloomspot CEO and co-founder Jasper Malcolmson, a former Yahoo executive, said in a statement Thursday. "Merchants are also seeking to attract and retain an appropriate audience for their services and price points. We are seeking to facilitate an ongoing relationship between them." Read more... Menlo Ventures leads $9M Bloomspot fundingSilicon Valley/San Jose Business Journal – September 16, 2010Bloomspot Inc., a flash sale service focused on luxury hotels, restaurants and spas, said Thursday it closed a first round of funding with $9 million. The round was led by Menlo Park-based Menlo Ventures. Also participating were seed investors True Ventures and Harrison Metal, which both have offices in Palo Alto. Read more... Bloomspot Blossoms $9 Million In Funding For Luxurious Local Flash SalesTechCrunch – September 16, 2010Bloomspot is one of the newer players in the flash sale scene. Launched in January of this year, they currently cater to three cities: San Francisco, New York, and Los Angeles. But unlike competitors in the space, they’re not all about as moving as much of a product as possible in a short amount of time. Instead, they’ve about creating relationships between clients and customers. The features (they don’t call them “deals”) are simply the first step to facilitate this relationship. Read more... We prefer working with Bloomspot because they emphasize a high-end experience and target a very fitting clientele. It's not the average discount seeking customer but rather those interested in trying a new luxurious experience with a small incentive. Bloomspot provides Le Cirque with the opportunity to introduce ourselves to potential repeat customers. - Carolyn Thalin, Le Cirque, New York, NY Bloomspot has introduced me to new restaurants, services, places, and experiences in the San Francisco area. I love the variety, as there is something for everyone - and certainly for people who are looking for affordable ways to try new places and see new things. - Whitney, Bloomspot Member |
