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 $950m round of financing.
Investors include Andreessen Horowitz, Battery Ventures, DST, Greylock Partners, Kleiner Perkins Caufield & Byers, Maverick Capital, Silver Lake and Technology Crossover Ventures.
The company intends to use the funding to continue to expand globally, invest in technology, and provide liquidity for employees and early investors.
Launched in November 2008 by CEO Andrew Mason, Groupon has today expanded to 500 markets in 35 countries around the world.
FinSMEs
11/01/2011
Very Happy to see that Investors are rushing into investing into GROUPON but did anyone look at the weak points of the business model? is 12,000,000 users value 1B?
And did anyone knew that the BOOSST.com is releasing a giant app online that allow Merchant to create DEAL for Free that be promoted to Social media? that mean in time X.. why merchant will pay GROUPON 50% when they can get better and more at 0$ ?
Its a great story and i admire Andrew Mason but guys …any risk analyst are looking at it more closely ?
Bob
New York