Groupon raises $500 million in financing
The privately held company disclosed its financing in a filing with the Securities and Exchange Commission.
Earlier in the week, Groupon founder and Chief Executive Andrew Mason wrote on Twitter that "Groupon is in the process of completing a new round of financing -- we'll let everyone know when there's more to announce."
Its backers include Chicago-based investors Eric Lefkofsky and Brad Keywell, the venture capital firms New Enterprise Associates and Accel Partners, and the Russian firm Mail.ru Group, which was formerly named Digital Sky Technologies.
Founded in 2008, Groupon reported 35 million subscribers and 18 million Groupons sold in North America as of November.
-- Abby Sewell
Photo: A message from Groupon Chief Executive Andrew Mason about a new round of financing for the company appears in this screen grab from the Twitter social-networking website on Wednesday. Credit: Twitter via Bloomberg