LivingSocial, the Washington-based daily deal company, has raised $176 million more from its investors, according to people familiar with the company.
The new round, formally disclosed in a filing with the U.S. Securities and Exchange Commission on Wednesday, values the privately-held company at more than $4 billion, according to the people.
The money for the new fundraising came from a mix of current and new shareholders, including T. Rowe Price, J.P. Morgan Chase, Amazon.com, Grotech Ventures, Steve Case’s Revolution fund and from U.S Venture Partners, the Silicon Valley venture capital firm.
LivingSocial chief executive Tim O’Shaughnessy is son-in-law of Washington Post Co. Chairman Donald E. Graham.
Thomas Heath is a local business reporter and columnist, writing about entrepreneurs and various companies big and small in the Washington Metropolitan area. Previously, he wrote about the business of sports for The Post’s sports section for most of a decade. He has also covered local news, including the Maryland General Assembly and investigative work in Fairfax county. He has served as a correspondent for Newsweek and The Post, participating in coverage of the Oklahoma City bombing, the Unabomber and the O.J. Simpson trial. Heath was born and raised in Syracuse, N.Y., where he attended Catholic schools. He is a graduate of Fordham University and was a 2001-2002 fellow at Columbia University’s Knight/Bagehot business fellowship program.