More Funding for Groupon-like Clones
Jan 9th, 2010 by admin
Seems like the German Groupon fever is also catching on in the USA. LivingSocial secured an additional $5 million at the beginning of the week for its Groupon clone. VentureBeat reported: “Social discovery network LivingSocial, which lets people review and share books, movies, restaurants and other types of entertainment, just raised another $5 million in an extended first round.
Picture of More Funding for Groupon-like Clones [source:excitingcommerce.com]
And theres a bit of deja vu involved. Back in 2008 the company also raised $5 million from Grotech and the Cases. Total funding now comes in at $10 million.”
LivingSocial is already the third Web 2.0 startup in the US which takes off from the Groupon business model. Groupon was itself a spinoff from ThePoint (Make something happen). Townhog has been reincarnated several times already. And also LivingSocial had an incubation period on sites such as Facebook.
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
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