Wednesday, April 6, 2011

LivingSocial Raises $400M

online daily deals site LivingSocial said today that it has raised $400M in an investment from both new and existing investors. The new funding--which comes just four months after Seattle-based Amazon.com put $175M into the firm--brings the firm's total raised to more than $600M. Name of the various investors was not detailed. LivingSocial competes against Groupon and many other daily deals sites. The firm is based in Washington, D.C.