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Database Reference: F231109-258
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.
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
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.