Groupon Raises $950 Million

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[Techtaffy Newsdesk]

Groupon has completed a $950 million round of financing. Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors, says the company.

The financing consists of several venture capital firms and late-stage investors, including Andreessen Horowitz, Battery Ventures, DST, Greylock Partners, Kleiner Perkins Caufield & Byers, Maverick Capital, Silver Lake and Technology Crossover Ventures. Allen & Company acted as financial advisor.

Previous funding rounds were led by New Enterprise Associates, Accel Partners, Mail.ru Group and DST.

Upload: 02-17-12