Groupon has raised a Series B financing round of $30 million

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-258
 
Business:  Groupon
Web:  http://www.groupon.com
Location:  Chicago, IL
Region:  North America
Business description:  Offer online users deep discounts on local deals – spas, sky diving lessons, hotels, restaurants, golf, whtaever. Discounts range from 40%-90% of the normal price. If enough people buy into the offer, everyone gets the deal. If there aren’t enough people, no one gets the deal.
Category: Ecommerce
Contact 1:  Andrew Mason Founder/CEO
Contact 2:  Ken Pelletier CTO
 
Investors:  New investor Accel Partners and existing investor New Enterprise Associates
 
Round:  Round B
Amount raised:  $30,000,000
Participants:  2
 
Details:  Groupon has raised a Series B financing round of $30 million – from new investor Accel Partners and existing investor New Enterprise Associates. Accel’s Kevin Efrusy joins Groupon’s board of directors.

Link:  TechCrunch

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