This isn’t exactly mobile news, but it’s significant nonetheless. After the dot-com bust you don’t get to hear that some company has raised billion dollars. Groupon is an exception, as they’ve announced completing a $950 million round of financing to fuel global expansion, invest in technology, while at the same time providing liquidity for employees and early investors.
Several venture capital firms and late-stage investors participated in the round, including Andreessen Horowitz, Battery Ventures, DST, Greylock Partners, Kleiner Perkins Caufield & Byers, Maverick Capital, Silver Lake and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor.
Finally, the press release talks about the company’s 2010 achievements:
- Expanding from 1 to 35 countries
- Launching in almost 500 new markets (from 30 markets in 2009)
- Growing subscribers by 2,500% – from 2 million to over 50 million
- Saving consumers over $1.5 billion
- Working with 58,000 local businesses, serving over 100,000 deals worldwide
Impressive, don’t you think?