![Groupon Raises $950 Million [CONFIRMED]](https://helios-i.mashable.com/imagery/archives/01Gh2WKPAQfozbo6COxuCi2/hero-image.fill.size_1248x702.v1647019449.jpg)
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The financing consists of several venture capital firms and late-stage investors, including Andreessen Horowitz, Battery Ventures, DST, Greylock Partners, Kleiner Perkins Caufield & Byers, Maverick Capital, Silver Lake and Technology Crossover Ventures. Allen & Company LLC acted as financial advisor. Previous funding rounds were led by New Enterprise Associates, Accel Partners, Mail.ru Group and DST.
Groupon will use the funds to further fuel global expansion, develop its technology, and pad the coffers of its employees and early investors, according to statement released Monday.