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LivingSocial Adds Whopping $143M

2011-10-10
According to SEC filings, daily coupon deal site, Living Social, has completed a $142.89 million offering, raising the amount from seven investors.
WASHINGTON, DC, According to SEC filings, Living Social has completed a $142.89 million offering, raising the amount from seven investors.

TechCrunch has reported that the entire amount was raised to fund its acquisition of TicketMonster and Grupfoni.

Numerous executives and directors are named in an SEC filing disclosing the new capital raise, including Tim O'Shaugnessy, Don Rainey from Grotech Capital Group, and Tige Savage from Case Foundation Ventures, among others.

With an estimated value of $3 billion, Living Social was named the eighth most valuable startup in the world by Business Insider's 2011 Digital 100.


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