On December 17, 2010, Goodwin Procter client, DST Global Limited, led a $950 million Series G financing from several venture capital firms and late-stage investors in Groupon, Inc. Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors. DST had also led a prior funding round for the company.
Launched in November 2008 in Chicago, Groupon has been called “the fastest growing company ever” by Forbes Magazine. With more than 50 million subscribers, Groupon features a daily deal on the best stuff to do, eat, see and buy in more than 500 markets around the world. Groupon uses collective buying power to offer unbeatable prices and provide a win-win for businesses and consumers, delivering more than 650 daily deals globally.
The Goodwin Procter deal team included James A. Hutchinson and William C. Davisson.
Click here for Groupon’s announcement press release.