Groupon has a fever, and the only prescription is more funding. According to this SEC form, the daily deal giant has raised yet another round, this time at just over $6 million. There?s no word yet on whether this is an add-on to Groupon's recent $16.2 million round, or its unprecedented $950 million round back in January -- or if it is, instead, a smaller mini-round. What is clear: Groupon has been a very busy company of late. Several days ago, the daily deals site acquired Whrrl creator Pelago, and today it announced the hiring of Google VP Margo Georgiadis and Amazon?s Jason Child as CFO in December. It remains unclear whether this round is directly related to M&A activity, but, it does seem that Groupon is taking steps to build an experienced management team and taking in funding in an effort to look as attractive as possible to investors in preparation for an IPO. 
Amanda Righetti Michelle Branch Melissa Howard Samantha Mumba Busy Philipps
No comments:
Post a Comment