LivingSocial Raises $400 Million

Less than four months ago LivingSocial raised $175 million from and now they have raised an additional $400 million. The investors in this round include, Lightspeed Venture Partners, T. Rowe Price, and Institutional Venture Partners (IVP). This puts LivingSocial at a $3 billion valuation.

“The investment is certainly a milestone in the company’s evolution,” stated LivingSocial CEO Tim O’Shaughnessy, who declined to talk specifically about the valuation. “But it’s just that — a milestone, not the end game.” LivingSocial has launched a new mobile service called LivingSocial Instant that delivers time-sensitive discounts for people on the go. However this feature is only available in Washington D.C.

LivingSocial also launched a new service called Escapes, which is intended for travel deals. LivingSocial has sold 200,000 hotel nights thus far.

[New York Times]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

LivingSocial Raises $400 Million Comments

  1. Nora Shekmer says:

    LivingSocial is going to be able to do a lot with this amount of funding. We'll have to wait and see what they do with it, and if they will bring anything new to the table.

    A great site to use to find these types of sales and deals is They send you a daily email, ensuring you don't miss out on a great discount.

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