LivingSocial Raises $14 Million in Series C Funding Round

May 04, 2010


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Social commerce company LivingSocial announced that it has completed a $14 million Series C round of venture funding led by Lightspeed Venture Partners, with additional participation from U.S. Venture Partners, Grotech Ventures, and Steve Case's Revolution, LLC. LivingSocial will use the capital infusion to expand into additional markets.

LivingSocial is also launching its Deals program in four new markets: Portland, Orange County, Charlotte, and Philadelphia. This brings LivingSocial's scale to 18 cities across the country, with plans to expand to dozens of markets throughout the year.

LivingSocial is an online community that gives users access to group buying discounts through its Deals program. The company is headquartered in Washington, D.C.

(www.livingsocial.com)