Social Commerce Leader LivingSocial Announces $25M B Round

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LivingSocial announced a B Round financing last week of $25M led by USVP with Grotech Ventures and Steve Case's Revolution participating in the round.   This funding will continue to propel LivingSocial's rise as a leading social commerce vendor.   We are enthused to welcome USVP as a partner and see tremendous opportunity ahead in Social Commerce for the company.

Image via CrunchBase

LivingSocial is the company behind LivingSocial Deals and top Facebook applications, Visual Bookshelf and Pick Your Five.   Today the company is launching its affiliate program as well as LivingSocial Deals in Chcago, Denver, Raleigh-Durham and San Diego. Over 1 million people are currently participating in Deals.  LivingSocial's 80 million + registered users on Facebook and established social media expertise position it well to bring Deals to an ever increasing audience.  Today, Deals is in a 13 cities and will be in dozens of cities by year end. 

Notably, LivingSocial  allows consumers to buy and redeem Deals from the convenience of their iPhone.  After all, what good is a coupon at home?

The affiliate program will enable bloggers and web site owners to participate in LivingSocial's Deals and earn commissions while it increases reach for merchants.

LivingSocial Affiliate Program

Grotech Ventures is pleased to have backed the founders and team of LivingSocial from its early days and looks forward to the participation of the USVP team in the days ahead.

Image via CrunchBase

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