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Hungry Machine Eats Up Nearly $30M

2011-07-07
Hungry Machine, which operates LivingSocial, has raised nearly $30 million from a pair of equity offerings.
WASHINGTON, DC, According to published reports, Hungry Machine, whose flagship site is LivingSocial, has raised nearly $30 million from a pair of equity offerings.

The D.C.-based online daily deals provider completed separate offerings of $24.58 million from five investors, and $4.81 million from four investors.

TechCrunch is reporting that the new capital is related to Living Social's recent acquisition of international daily deal sites Ensogo, DealKreken, and GoNabit.

LivingSocial offers daily deals on handpicked experiences that can be shared with friends. Innovation and imagination have made LivingSocial the fastest-growing company in the social-buying category.
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