Scoop: BuyWithMe to Seek VC Bucks Amid M&A Spree
Daily deals website BuyWithMe.com will conduct a new round of fundraising in the next few months, according to a senior source. BuyWithMe has big competitors, clearly: Groupon raised $950 million earlier this year after spurning a Google offer and is expected to raise about $750 million more through its IPO; LivingSocial took in nearly $600 million across two rounds of fundraising in six months’ time. Gilt Groupe sought and secured nearly $140 million en route to a $1 billion valuation. And some of BuyWithMe’s well-capitalized competitors are dispensing money to build scale and quickly develop a merchant roster....
20 June 2011•2 mins read
