Groupon Secures $135,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cac9725e-6c87-4d26-b702-8cc817f72dc1&Preview=1 -
Date
4/19/2010 -
Company Name
Groupon -
Mailing Address
600 W Chicago Ave Chicago, IL 60654 -
Company Description
Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 40 wonderful people working in our Chicago office (a handful of whom you can see to your right), along with a smattering of people in Groupon’s other cities. -
Website
http://www.groupon.com -
Transaction Type
Venture Equity -
Transaction Amount
$135,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
A portion of the investment will be used to fuel Groupon’s global expansion, and the rest will be used to facilitate liquidity for employees and early investors. -
M&A Terms
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Venture Investor
Digital Sky Technologies -
Venture Investor
Battery Ventures
