Groupon Raising Nearly $1 Billion in Funding: Report - NBC Chicago

Groupon Raising Nearly $1 Billion in Funding: Report

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

    processing...

    NEWSLETTERS

    Groupon Raising Nearly $1 Billion in Funding: Report
    clipart.com

    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.

    Andrew Mason's Awesome Today Show Interview

    [CHI] Andrew Mason's Awesome Today Show Interview
    Watch as the Groupon boss dodges questions.
    (Published Friday, Dec. 10, 2010)

    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.

    Man Tries to Live Full Year on Groupon

    [CHI] Man Tries to Live Full Year on Groupon
    Think you're a good bargain hunter? Chicagoan Josh Stevens is putting it to the test.
    (Published Thursday, May 13, 2010)