LivingSocial
About LivingSocial
LivingSocial is a company founded in 2007 was acquired by Groupon in October 2016.. LivingSocial has raised $1.11 billion across 17 funding rounds from investors including Amazon, J P Morgan and Lightspeed Venture Partners. LivingSocial has completed 8 acquisitions, including BuyYourFriendADrink.com, Ensogo and GoNabit. LivingSocial operates in a competitive market with competitors including RetailMeNot, SheerID, Groupon, Coupons.com and CouponCabin, among others.
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.11 B (USD)
in 17 rounds
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Latest Funding Round
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Investors
Amazon
& 11 more
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Employee Count
Employee Count
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Investments & Acquisitions
BuyYourFriendADrink.com
& 7 more
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Acquired by
Groupon
(Oct 26, 2016)
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Funding Insights of LivingSocial
LivingSocial has successfully raised a total of $1.11B across 17 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Last Round
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First Round
First Round
(21 Jul 2008)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series F - LivingSocial | Valuation | DMG Ventures |
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| Dec, 2013 | Amount | Series F - LivingSocial | Valuation |
investors |
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| Feb, 2013 | Amount | Series F - LivingSocial | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LivingSocial
LivingSocial has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amazon, J P Morgan and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are invested in by sector-agnostic DMG Ventures.
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LivingSocial
LivingSocial has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include BuyYourFriendADrink.com, Ensogo and GoNabit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Operates a social commerce website for daily deals and shopping.
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2010 | ||||
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Functions as an online marketplace for deals and discounts.
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2009 | ||||
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Australia's group buying site
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LivingSocial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Livingsocial Comparisons
Competitors of LivingSocial
LivingSocial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RetailMeNot, SheerID, Groupon, Coupons.com and CouponCabin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of app and browser extension offering digital coupons & deals
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| domain | founded_year | HQ Location |
Customer eligibility for special offers is verified online instantly.
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| domain | founded_year | HQ Location |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Online platform for promo codes and free printable coupons for shopping online and in-store
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| domain | founded_year | HQ Location |
Online coupon codes and printable coupons are provided by CouponCabin.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Livingsocial
Frequently Asked Questions about LivingSocial
When was LivingSocial founded?
LivingSocial was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Is LivingSocial a funded company?
LivingSocial is a funded company, having raised a total of $1.11B across 17 funding rounds to date. The company's 1st funding round was a Series F of $110M, raised on Jul 21, 2008.
What does LivingSocial do?
LivingSocial was founded in 2007 as an e-commerce platform focused on daily deals. Access to local services, including restaurants, spas, concerts, sports, and fitness options, is provided at discounted prices for a limited time. Members can share deals with others to earn cashback or obtain free purchases. Operations center on facilitating user recommendations and exclusive offers through the livingsocial.com domain.
Who are the top competitors of LivingSocial?
LivingSocial's top competitors include SheerID, RetailMeNot and Groupon.
How many acquisitions has LivingSocial made?
LivingSocial has made 8 acquisitions, including BuyYourFriendADrink.com, Ensogo, and GoNabit.
Who are LivingSocial's investors?
LivingSocial has 12 investors. Key investors include Amazon, J P Morgan, Lightspeed Venture Partners, T. Rowe Price, and Groupon.