LivingSocial Gets $25M for Group Buying

We know there are lot of entrants in the group deals space — see my recent piece Groupon and the Wannabes — but now the competitors are seriously bulking up. LivingSocial is today announcing it’s raised a $25 million Series B round.

Groupon and the Wannabes

Once you grok the collective buying power idea, the term Groupon starts to seem almost generic. By now, if you live in a major U.S. metropolitan area you can get 5-10 Groupon-type email newsletters a day.