BonusBox with significant funding
BonusBox, a Berlin-based Social Commerce provider, recently closed a ’7 digit’ financing round from Wellington Partners and several well known Business Angels (amongst them myself). BonusBox is a social commerce plattform with a focus on generating sales through Facebook. In their first year, BonusBox, which was founded in the spring of 2011, has won over 100 online vendors using the customer loyalty and bonus programs on Facebook. This new funding enables Bonusbox to stay Germanys largest Facebook loyality program whilst simultaneously driving internationalization from its two offices in Berlin and Sao Paulo.
Bonusbox CEO Paul Gebhardt explains: “Bonusbox offers online merchants an ideal platform for using Facebook as a cost-effective online marketing channel, enabling them to tap into the full virtual potential of this social network’s more than one billion members. With the aid of our Facebook App, e-commerce retailers can launch their own bonus programs and significantly boost customer loyalty by creating a more individualized experience. Moreover, we offer dealers an efficient way to win new customers through our shop network. This new round of funding will now allow us to further expand our easy-to-implement software solution and roll it out even faster across international borders.”
Facebook commerce has not yet really taken off in Germany, but BonusBox might just change that!
BonusBox introduction Video (in German):