Launched last April, Mygon operates a location-based daily-deals platform focused on the Portuguese market. The service offers discounts that are valid only for the day, leveraging a last-minute approach to monetize merchants' surplus or low-demand inventory. Users only pay for an offer if they actually use it at the merchant's location. Mygon is targeting 200,000 users and partnerships with more than 1,000 merchants. The company received €600K in seed financing to support its expansion. Some merchants have reportedly switched from Groupon to Mygon, and the platform is said to offer more opportunities in cities like Porto than Groupon does.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2012