LivingSocial Fuels Aggressive Growth Plans With $400 Million in Financing

As expected, LivingSocial has raised $400 million in funding, bringing the company’s total raised to date to more than $600 million. The round included new and existing investors, such as Amazon.com. As we reported on Monday, LivingSocial has added Neil Ashe, former president of CBS Interactive, to its board. LivingSocial now has 26 million members signed up for its daily deals service in 206 markets. It employs more than 1,300 people and expects to reach 400 markets in 2011.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik