Groupon, the rapidly growing deals site, announced yesterday that it’s raised a whopping $950 million, which will be used to expand the company’s global network and to invest in technology.
The company, which is just over two years old, made a splash in December when it reportedly declined Google’s $6 billion buyout. And the $950 million puts Groupon back in the spotlight, since that sum is the most money ever raised by a startup. Some of the investors listed include Silicon Valley firms Andreessen Horowitz, Accel Partners, and Kleiner Perkins Caufield & Byers, among many others.
So what’s next for the company that everyone’s buzzing about? A bit of primetime exposure, as Groupon will air its first television ad during the Super Bowl Pre-Game.
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