Groupon Completes $950M Financing Round
Published On January 11, 2011 |
Groupon, a Chicago, IL-based company that features daily deals on stuff to do, see, eat, and buy in different cities in the world, has completed the anticipated $950m round of financing.
Investors include Andreessen Horowitz, Battery Ventures, DST, Greylock Partners, Kleiner Perkins Caufield & Byers, Maverick Capital, Silver Lake and Technology Crossover Ventures.
The company intends to use the funding to continue to expand globally, invest in technology, and provide liquidity for employees and early investors.
Launched in November 2008 by CEO Andrew Mason, Groupon has today expanded to 500 markets in 35 countries around the world.