LivingSocial, the company operating a social commerce program which invites people to save money at their favorite restaurants, spas, sporting events, hotels and other local attractions in major cities, has completed a $14m Series C round of venture funding. The investment was led by Lightspeed Venture Partners, with U.S. Venture Partners, Grotech Ventures and Steve Case’s Revolution, LLC participating.
LivingSocial, which is behind LivingSocial Deals and Facebook applications Visual Bookshelf and Pick Your Five, will use the capital infusion to expand into additional markets.
The company is launching its Deals program in four new markets: Portland, Orange County, Charlotte and Philadelphia bringing LivingSocial live in 18 cities across the country with major plans to expand to dozens of markets throughout the year.
FinSMEs
29/04/2010