Washington – In its third major financing round this year, LivingSocial,
the developer of a social commerce service as well as several popular social
networking tools, has raised another $10.2 million in equity funding, according
to a filing with the Securities and Exchange Commission (SEC).
which has raised $49.2 million since March, is backed primarily by U.S. Venture
Partners, Grotech Ventures, Lightspeed Venture Partners and Steve Case’s
All told, nine investors participated in the latest round.
comes three weeks after the company launched its "Deals" service in
25 more cities.
Users in more than 50 markets can now sign up to receive daily
notifications featuring one offer a day of at least 50% off various local
restaurants and attractions.
When someone purchases the deal, they receive a
unique link to share, and if three other people accept the offer using that
link, their deal is free.