LivingSocial Gets $110 Million Funding Boost
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.