Groupon Raising Nearly $1 Billion in Funding: Report

Documents filed Dec. 17 authorize Series G round of preferred stock

Tuesday, Dec 28, 2010  |  Updated 6:00 PM CDT
View Comments (
)
|
Email
|
Print
Steve Gadlin: I Want to Draw a Cat for You

clipart.com

advertisement
Photos and Videos

Andrew Mason's Awesome Today Show Interview

Watch as the Groupon boss dodges questions.

Man Tries to Live Full Year on Groupon

Think you're a good bargain hunter? Chicagoan Josh Stevens is putting it to the test.
More Photos and Videos

Chicago-based Groupon may have recently raised nearly $1 billion in venture capital.

Documents reportedly filed and discovered by the website VCExperts.com indicate the company filed a certificate to authorize a $950 million Series G round of preferred stock on Dec. 17.

The report also put the company's valuation at $6.4 billion.

The new round of funding comes just weeks after reports that the group-buying website rejected a $6 billion acquisition offer from Google.

Groupon has not commented publicly on either report.

If the latest report is accurate, the round of funding would be the biggest since Pixar sought roughly $500 million in 1995, Reuters reported.

Rounds A through F totalled $171 million, according to the website CrunchBase.com.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get Our Weather App
Stay ahead of the storm with the NBC... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out