BREAKING: Groupon Raising Up to $950 Million in Funding [REPORT]
Posted on December 30, 2010 by admin
Groupon has filed for a Series G funding round that authorizes it to raise up to $ 950 million, according to a new report. The new round of funding comes just weeks after the group-buying website rejected a $ 6 billion acquisition offer from Google.
According to VC Expert, Groupon filed for a certificate to authorize the Series G round last week (an amended certificate of incorporation) and will be filing another document next week outlining the exact amount it intends to raise. We’re working to get our hands on those documents now.
If the report is accurate, Groupon’s post-money valuation would be somewhere between $ 6.4 billion to $ 7.8 billion. It’s not clear who is participating in the round, nor is it clear how far along Groupon is in the fundraising process. However, today’s news lays the groundwork for what could be one of the biggest venture capital rounds in history.
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