LivingSocial Gets $110 Million Funding Boost

What's Next In Payments®
3:18 PM EST February 20th, 2013

Daily deals site LivingSocial has raised $110 million in funding, according to an internal company memo.

CEO Tim O’Shaughnessy cited investors who had “reinforced their support for the company through a new round of financing,” in the memo, reports TechCrunch.

“This investment is a tremendous vote of confidence in our business from the people who know us best, our current board members and investors,” O’Shaughnessy wrote.

The company is now nearing $1 billion in total funding since it was founded in 2007.  

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
Company Spotlight
MasterCard Removes Block On Cuba Transactions For U.S.-Issued Cards
Security & Risk
OTA: 90% of 2014 Data Breaches Preventable
Merchant Innovation
At Davos, Bitcoin Finding Its Place Among World’s Elite
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Cool
A Half Billion New (And Mostly Mobile) Users – What’s Next For The Web
News
Capital One Reports $999 Million Q4 Income
News
Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
News
PCI Chief Calls 2015 ‘Defining Year for Data Security’
View All Articles ››