LivingSocial Raises Another $110 Million From Investors

LivingSocial has raised an additional $110 million in funding from some of the company's previous investors, according to a memo from the CEO sent to employees and passed along to Mashable by a source.

"We've got some great news to announce today, as many of our current investors have reinforced their support for the company through a new round of financing that will give us an additional $110 million to build our reserves, solidify our long-term plans, and execute against our vision for the future," CEO Tim O'Shaughnessy said in the memo.

The new round of funding comes at a pivotal moment for the daily deals company. LivingSocial posted a net loss of $650 million in 2012, up from $499…
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