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April 21, 2011 09:00 pm GMT
Groupon has a fever, and the only prescription is more funding. According to this SEC form, the daily deal giant has received yet another infusion of capital, this time at just over $6 million. This comes on the heels of Groupon's recent $16.2 million round as well as its unprecedented $950 million round back in January. Groupon has been a very busy company of late. Several days ago, the daily deals site acquired Whrrl creator Pelago, and today it announced the hiring of Google VP Margo Georgiadis and Amazon's Jason Child as CFO in December. The funding, it seems, is directly related to its recent acquisition of Pelago. According to the filing, "This offering is being made in connection with the purchase by a subsidiary of the Issuer of certain assets of Pelago, Inc." 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mMKdYsxRmS4/
No Coupons Here, Just Cash: Groupon Files For Another $6 Million
Groupon has a fever, and the only prescription is more funding. According to this SEC form, the daily deal giant has received yet another infusion of capital, this time at just over $6 million. This comes on the heels of Groupon's recent $16.2 million round as well as its unprecedented $950 million round back in January. Groupon has been a very busy company of late. Several days ago, the daily deals site acquired Whrrl creator Pelago, and today it announced the hiring of Google VP Margo Georgiadis and Amazon's Jason Child as CFO in December. The funding, it seems, is directly related to its recent acquisition of Pelago. According to the filing, "This offering is being made in connection with the purchase by a subsidiary of the Issuer of certain assets of Pelago, Inc." Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mMKdYsxRmS4/
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