We’re only 10 days into the new year and Groupon Inc. may win an award for “The Best Headline of A Corporate Press Release” with this attention grabber: Groupon Raises, Like, A Billion Dollars
Actually, the daily-deals site said it raised $950 million - and a large share of that financing (at least $344 million) will be used to buy stock from existing shareholders, not for the company to use. So this round of financing is much smaller than $1 billion.
This brings up a question - has a private company ever raised a cool billion in a single round of venture capital?
To read the full, original article click on this link: Nice Try, Groupon, But Has A Company Ever Raised, Like, $1 Billion In Venture Financing? - Venture Capital Dispatch - WSJ
Author: Scott Austin
