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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
Fusion Corporate Partners 
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