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.

LivingSocial Creator Takes New $5M Round

Hungry Machine Inc., the application developer behind LivingSocial.com, the social cataloging service, has raised $5 million in a new round, bringing its total funding to $10 million. Existing investors Steve and Jean Case and Grotech Capital Group contributed to the round alongside company CEO Tim O’Shaughnessy.