Local Offer Network's Funding is the Deal of the Day

It seems not a day–much less a week–goes by without another daily deals company getting funded. Now it’s Local Offer Network’s turn. The Chicago-based company has raised $1.5 million in funding, led by investors IllinoisVentures and the Matthew Pritzker Company. It aggregates nationwide offers from other providers at dealradar.com, along with developing technology and services for third-parties. The capital will be spent on general corporate purposes, like hiring business development and product enhancements.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus