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LivingSocial to seek $200 million infusion from investors

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Washington, D.C.—Daily deals service LivingSocial is looking to raise about $200 million from current and new investors to better vie with rival Groupon, according to The New York Times and other sources. Current investors include Amazon.com, Grotech Ventures and U.S. Venture, as well as AOL founder Steve Case. Last spring, LivingSocial raised $400 million in its most recent round of funding, adding to the $175 million the company gained in December 2010 from Amazon.com. LivingSocial has said it anticipates being in 400 markets by the end of this year.
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