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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald