LivingSocial Raises $110 Million in Funding

February 20, 2013

5:03 pm

DC-based daily deals site LivingSocial has raised an additional $110 million in funding from some of their current investors. This information comes from a memo from CEO Tim O’Shaughnessy to employees. “We have an aggressive roadmap for profitability and expansion this year,” he wrote. “This new investment does not change our plans to reach profitability.”

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Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact kira@tech.co.

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