LivingSocial Gets $110 Million Funding Boost

By  |  February 20, 2013
 | 

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

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    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.

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