LivingSocial raises $25 million
Posted by Paul in Tools, Venture capital, Web 2.0, business on March 12, 2010
LivingSocial, the Groupon competitor, has announced that they’ve raised $25 million in Venture Capital series B round from U.S. Venture Partners, Grotech Ventures, and Revolution, LLC.
LivingSocial are best known for their Facebook apps like Visual Bookshelf, Pick Your 5, and Polls. They’re now moving into deals and daily deals market, which is dominated by Groupon, which recently announced that they’ve raised $30 million.

Apple has finally opened the gates for pre-ordering their upcoming tablet, iPad. The new device, which pretty much works as a much larger iPhone and is build on the same platform, retails from $500. And while all iPhone apps will be compatible with the iPad, the new device will give media publishers a new platform to distribute their magazines, and, especially ebooks.
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