LivingSocial was founded in 2007 as Hungry Machine by Tim O’Shaughnessy, Eddie Frederick, Aaron Batalion and Val Aleksenko. The company originally created Facebook applications.
In 2008, the company received $5 million in funding from Steve Case and Grotech Ventures.
In 2009, the company acquired BuyYourFriendADrink.com and launched their daily deal service.
In 2010, the company received an additional $5 million from Steve Case and Grotech. An additional $25 million was raised two months later. Amazon.com invested $175 million in LivingSocial in December of 2010.
The company has made several acquisitions during its growth including Urban Escapes, Jump On It, LetsBonus, GoNabit and DealKeren.
Today, LivingSocial is one of the largest daily deal websites online. They are Groupon’s largest competitor.
LivingSocial
LivingSocial was founded in 2007 as Hungry Machine by Tim O’Shaughnessy, Eddie Frederick, Aaron Batalion and Val Aleksenko. The company originally created Facebook applications.
In 2008, the company received $5 million in funding from Steve Case and Grotech Ventures.
In 2009, the company acquired BuyYourFriendADrink.com and launched their daily deal service.
History
In 2010, the company received an additional $5 million from Steve Case and Grotech. An additional $25 million was raised two months later. Amazon.com invested $175 million in LivingSocial in December of 2010.
The company has made several acquisitions during its growth including Urban Escapes, Jump On It, LetsBonus, GoNabit and DealKeren.
Today, LivingSocial is one of the largest daily deal websites online. They are Groupon’s largest competitor.