LivingSocial -One fantastic deal every day with discounts of up to 90% at local restaurants, bars, spas, theaters,got VC funding
By Vineet at March 11, 2010 | 9:27 pm | Print
What Company Is Offering:
LivingSocial connects consumers to cool stuff and also offer daily deals to the best places in your city, so you can try new things without breaking the bank .You can Support local businesses.LivingSocial offers one fantastic deal every day with discounts of up to 90% at local restaurants, bars, spas, theaters, and more.
How It Works:
Each day, they send you one deeply discounted deal to use at local businesses. You can sign up to get daily email. Purchase its daily deals with one easy click. You will receive your deal the next business day. It’s that simple! After you buy the deal, you’ll get a unique link to share. If three people buy the deal using your link, then your deal is free.
How Much It Got From VC Funding:
It has got $25 million Series B round of VC funding which is led by U.S. Venture Partners, with Grotech Ventures and Steve Case’s Revolution, participating.
VC Details:
U.S. Venture Partners (USVP) has helped build great companies for three decades. Since its inception in 1981, USVP has invested over $2.7 billion in about 450 companies. Throughout, USVP’s partners have worked diligently and consistently with early-stage companies, many of which have become industry leaders.
The USVP team consists of accomplished venture investors, former CEOs, senior executives and technology company founders, who span four generations of high-technology venture investing. This engenders a perspective on business cycles, “hot” market trends, technology evolution and revolution that is not present among all early-stage investors. Together, we have more than 300 years of operating experience and nearly 200 years of investment expertise. Founding partner Bill Bowes, who alone has 50 years of venture investment experience, was also the founder of Amgen, a $70 billion pharmaceutical company, as far back as 1980. know more at:http://www.usvp.com/
VC Details:
Grotech Ventures is early investors in high-potential technology companies. They initially invest from $500,000 to $5 million and look to continue investing and building value throughout the growth of your enterprise. know more at:http://www.grotech.com/
More at:http://livingsocial.com/
