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.

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