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San Francisco-based TPG led the Series D round for the Toronto-founded firm. Regulatory filings show Super.com issued just under US$17 million worth of new stock on Monday, suggesting the financing included the sale of shares by existing investors. The firm did not respond to a request for comment. (The Logic)
Talking point: Super.com’s app lets users find discounts on hotels, flights, event tickets and other spending. It also sells a Costco or Amazon Prime-like membership through which consumers can get even cheaper rates, plus a cashback card. Super.com says net revenue topped US$200 million last year. Originally a messenger-based hotel booking service, the startup has expanded into a so-called “super app” that brings together commerce and financial features. Super.com’s last announced financing was a US$85-million Series C round in April 2023 led by Montreal-headquartered Inovia Capital. – Murad
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