{"id":136394,"date":"2010-01-04T15:38:25","date_gmt":"2010-01-04T20:38:25","guid":{"rendered":"http:\/\/gigaom.com\/?p=89132"},"modified":"2010-01-04T15:38:25","modified_gmt":"2010-01-04T20:38:25","slug":"livingsocial-creator-takes-new-5m-round","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/136394","title":{"rendered":"LivingSocial Creator Takes New $5M Round"},"content":{"rendered":"
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\"\"<\/a>Hungry Machine Inc., the application developer behind LivingSocial.com<\/a>, the social cataloging service, has raised $5 million in a new round of funding, according to a regulatory filing<\/a>. Existing investors Steve and Jean Case and Grotech Capital Group contributed to the round, nominally a Series A-1, which also included company CEO Tim O’Shaughnessy. LivingSocial last announced funding in July 2008, when it revealed a $5 million Series A round<\/a> from the same backers; the company confirmed to me in a short statement that it has now raised $10 million total since its inception. In an interview, Grotech’s Don Rainey declined to discuss LivingSocial’s current valuation, but said the new funding is “a positive event for all involved.”<\/p>\n

LivingSocial, best known for its Facebook applications, which allow users to share reviews and top-five lists of movies, books, music and other activities, launched a group-buying service<\/a> that competes with well-funded Groupon<\/a> and acquired BuyYourFriendADrink.com,<\/a> a beverage-gifting site, in 2009. LivingSocial declined to disclose its revenue in the filing, but Rainey said its primary revenue streams come from Facebook ads and the group-buying service.<\/p>\n

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Hungry Machine Inc., the application developer behind LivingSocial.com, the social cataloging service, has raised $5 million in a new round of funding, according to a regulatory filing. Existing investors Steve and Jean Case and Grotech Capital Group contributed to the round, nominally a Series A-1, which also included company CEO Tim O’Shaughnessy. LivingSocial last announced […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-136394","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/136394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=136394"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/136394\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=136394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=136394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=136394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}