photo © 2007 Kevin Lawver | more info (via: Wylio)Wait wha? According to this SEC form, daily deals site Groupon has raised another $16.2 million. There’s no word on whether this is an add-on to its recent $950 million round or just a smaller mini-round, in any case it seems unrelated to any M&A activity. Listed on the form are Groupon’s board members Eric Lefosky, Brad Keywell and Kevin Efrusy, among others.
Groupon recently turned down an offer from Google, and has raised over $1.13 billion to date when you include the amount on this form. When asked whether this was part of a new round, Groupon CEO Andrew Mason said, “We typically don’t comment on these things, sorry. Ask me something else.”
Groupon recently named Starbucks founder Howard Schultz to the board, who then made a undisclosed investment to the company. Perhaps that’s actually what we’re seeing here — The date of the asset sale is February 10th, the very day that Schultz’s board seat was announced.
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...