Online Coupon Start-up Groupon Seeks Venture Financing
Daily coupon website Groupon is in fund-raising mode, seeking a round of venture capital that could value the start-up at as much as $3 billion, Reuters reported, citing Bloomberg News. Groupon, which sends members daily emails about coupons for products and services, will use the money to expand beyond the 230 cities where it currently operates. The company is currently backed by investors including Accel Partners and New Enterprise Associates.
9 November 2010•1 min read
