Google Ventures Invests In Local Deals Site Signpost

No, it's not what you're thinking — Google Ventures didn't just invest in a Groupon clone. But the search giant's VC arm is taking a stake in a local deals startup called Signpost , which looks to help you find the best deals in your neighborhood (more on that in a moment). The size of the Google Ventures investment isn't being disclosed, but it's a follow-on to a $1 million seed round Signpost raised earlier this year from Spark Capital. Signpost has been known as Postabon up until now — in conjunction with the announcement, the startup is getting a new name and is relaunching with support for more cities. At a high level Signpost is pretty straightforward: log onto the site, and you'll find a listing of deals at restaurants, retailers, and other merchants located in your city (you can zoom in if you want to restrict your search to within a few-blocks). And unlike sites like Groupon, there are dozens or even hundreds of deals visible on Signpost at once, ranging from happy hour at your local bar to a 40% discount at a nearby spa this weekend.