• Lightbank-Backed oBaz Launches Crowdsourced Haggling Service

    Lightbank-Backed oBaz Launches Crowdsourced Haggling Service

    I’ve always heard that stores and retailers are willing to barter with customers on pricing, including many chains, but I never have the courage to actually haggle with salespeople. To be honest, I love the discounts but am really bad at haggling for a price. Now, with the launch of oBaz, I can simple get the new service to do all my haggling for me. Chicago-based oBaz is announcing… Read More

  • Lightbank Invests In Location-Based Mobile Social Network WhosHere

    Lightbank Invests In Location-Based Mobile Social Network WhosHere

    After backing Babbaco, Lightbank is making another investment today. The investment firm has funded myRete, the developers of WhosHere,a location-based mobile social network. This is the first outside investment for myRete. WhosHere is a location-based social networking application (an iOS app for now) that allows you to see who’s in your near location and message people. The app… Read More

  • OpenChime Nabs $700K From Groupon Founders

    OpenChime, a startup that allows users to get online quotes and information from an array of local service providers, today announced that it has raised $700K in seed funding from Lightbank, the Chicago investment firm started by Groupon co-founders Eric Lefkofsky and Brad Keywell. OpenChime was apparently discovered by Lightbank Partner Paul Lee and represents his first investment since… Read More

  • Lightbank Adds Former Playboy And NBC Exec Paul Lee As Partner

    Lightbank, the investment fund of Groupon co-founders Brad Keywell and Eric Lefkofsky, is announcing its first partner hire today—seasoned media and technology venture exec Paul H. Lee. ​Lee is joining Lightbank from Playboy Enterprises where he was Managing Director and Group Head of the company’s digital ventures group. Prior to joining Playboy, Lee was a Senior Vice President… Read More

  • Sprout Social Raises Funding, Offers Business Tools For The Social Web

    Sprout Social, a provider of social relationship management services not be confused with Sprout Inc, Sprout or Sprout, has received a Series A round of funding from Lightbank, the recently launched investment vehicle created by Groupon founders Eric Lefkofsky and Brad Keywell. The terms of the investment deal were not disclosed, but Lightbank typically invests less than $1 million. Read More

  • Groupon Directors Establish $100 Million Fund To Invest In The Midwest

    Eric Lefkofsky and Brad Keywell, two of Chicago’s best-known tech entrepreneurs, plan to invest as much as $10 million annually in early-stage technology companies through a new fund dubbed Lightbank. The goal is to provide early-stage startups with seed financing, ranging from 100k to $1 million and fund companies with up to $10 million on an annual basis for the next 10 years. In… Read More