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LivingSocial Raises $110 Million in Funding

Funding

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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About the Author

Kira M. Newman is a Tech Cocktail writer interested in startups, innovation, and new trends. In 2012, she returned from a 6-month whirlwind tour of Asia, where she met tons of welcoming, inspiring, and infectiously passionate entrepreneurs. Follow her @kiramnewman or contact kira@tech.co.

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