Global Savings Group raises €12 million from Rocket Internet, Holtzbrinck Ventures, DTCP, RTP Global and M6

Global Savings Group, a Munich, Germany-based ecommerce affiliates business, announced that it secured capital funding totalling €12 million ($14.7M).

The money was raised from a range of German investors including Rocket Internet, Holtzbrinck Ventures, DTCP, RTP Global, and M6.

Global Savings Group, founded in 2012 as by Adrian Renner, Andreas Fruth, and Gerhard Trautmann, developed an affiliate business relying on a platform for rewards, cashback, savings opportunities, and shopping content. The company currently has offices in eight countries and is backed by 500 employees.