The daily deals company is chasing a $400m round, its filing says, and the round gives it a reported valuation of $6bn.
US-based daily deals site LivingSocial has raised $176m with past backer Amazon’s Peter Krawiec one of the signatories of the latest round.
The fundraising is a first close of a planned $400m round, the company’s filing with US regulator the Securities and Exchange Commission said today.
US-based on-line retailer Amazon was joined by JP Morgan and venture firm Lightspeed Ventures in the round, according to news provider Venture Beat.
The daily deals company has raised $808m in funding and spent $353m on acquisitions, VentureBeat said. VentureBeat added the latest round valued LivingSocial at $6bn.
Besides Amazon Krawiec, other external signatories of the funding round were Don Rainey, of venture firm Grotech Capital Group, Tige Savage, of Case Foundation Ventures, Irwin Federman, of US Venture Partners, and Neil Ashe, former president of CBS Interactive.
LivingSocial raised more than $400m in April from an undisclosed mix of new and existing public and private investors.
The round valued LivingSocial at about $2bn, according to press reports, and news provider Fortune said mutual fund manager T Rowe Price and venture capital firm Institutional Venture Partners had invested. That round took the total raised by LivingSocial to more than $600m.
Amazon invested $175m in the company in December. The company also raised $25m in a series B round in March last year in a round led by venture firm US Venture Partners, with Grotech Ventures and Revolution, AOL founder Steve Case’s fund.
