The startup declined to name the sources of the funds, saying only that they came from a mix of "public and private investors," both "new and existing." LivingSocial plans to use the cash to "carry on its aggressive domestic and international growth and continued product innovation," the company said in a statement.
LivingSocial also announced that it now has more than 26 million members and that Neil Ashe, a former president of CBS Interactive, is joining its board of directors.
The funding situates the company's value north of $2 billion.
LivingSocial previously disclosed that, as of December, its deals were bringing in more than $1 million per day in gross sales and that it expects to generate $500 million in revenue in 2010. The company has raised $632 million to date.
Chief rival Groupon raised $950 million in a Series D round of funding in January, a little more than a month after it rejected a $6 billion acquisition offer from Google. The three-year-old company has raised $1.1 billion thus far.