(Crain's) — Groupon Inc. has finished raising $950 million in new investment, just a month after rejecting a buyout offer from Google Inc.
The Chicago-based Web coupon company landed a who’s who of Silicon Valley investors in what is believed to be the last big round of funding before a possible public offering.
The company said new investors include including Andreessen Horowitz, the venture fund started by Netscape founder Marc Andreesen; Kleiner Perkins Caufield & Byers; Maverick Capital Ltd.; Silver Lake Capital; Greylock Partners, and Technology Crossover Ventures.
Groupon said the proceeds will be used to further expand globally, to invest in technology and to provide liquidity for employees and early investors. Groupon previously disclosed that $344.5 million of the first $500 million raised went to insiders.
Groupon raised about $170 million in previous investment rounds.
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