LivingSocial Completes Series B Round

Mar 16, 2010


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Social commerce company LivingSocial has closed a $25 million funding round. Investors included U.S. Venture Partners, Grotech Ventures, and Steve Case's Revolution, LLC. The company's LivingSocial Deals website, which offers discounts on food, entertainment, and other commodities at local businesses, will expand to Chicago, Denver, Raleigh-Durham, N.C., and San Diego, bringing the total to 13 cities. LivingSocial plans to expand to several other cities by year's end. LivingSocial also created two Facebook applications: Visual Bookshelf and Pick Your Five.

(http://livingsocial.com; www.usvp.com)