LivingSocial Raises $14M to Expand Social Group Deals Service
LivingSocial raised another $14 million this week, fresh after a round of $25 million fundraising last month, and a spokeswoman tells us the infusion will help it to continue to expand its Deals service — currently a primary revenue source for the company. Deals has been made popular in a big way by Facebook users. Through implementing the new Facebook plugins, the company hopes to grow even more.
LivingSocial Deals is a free service launched last summer inviting people to buy deals on restaurants, hotels, sporting events and spas in their areas via Facebook Connect, an iPhone app or their web site.
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