|Forget An IPO For Now, LivingSocial Raises Another $176 Million. Total Could Reach $400 Million.|
|Wednesday, 07 December 2011 07:43|
In a sign that it may be pushing off an IPO after Groupon's lackluster performance, rival LivingSocial has raised $176 million in a new round of funding, according to a new SEC filing. Reports of the new funding first surfaced in the New York Times a few weeks ago. While the SEC document does not name the investors, I've been able to independently confirm the round was led by JP Morgan, with existing investors Lightspeed Ventures and Amazon also participating.
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