LivingSocial Gets $110 Million Funding Boost

What's Next In Payments®
3:18 PM EDT 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
Meritus Releases Update XP In Global Payment Platform
B2B Payments
UK Businesses Forced To Make Late Payments
News
Twitter Enthusiastic But Vague About Commerce
News
Amex Gains From Travel Joint Venture
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
News
Why Customer Segmentation Matters In Prepaid
News
Meritus Releases Update XP In Global Payment Platform
Controversial
Payments Innovation Investment Tracker | Week of July 25
B2B Payments
UK Businesses Forced To Make Late Payments
View All Articles ››