D.C.-based LivingSocial, a service that provides daily retail discounts, has received $25 million in venture capital financing, the company announced Thursday.
The funding round was led by Menlo Park, Calif.-based U.S. Venture Partners, and Vienna-based Grotech Ventures and entrepreneur Steve Case’s Revolution LLC also participated in the round.
Grotech Ventures and Case had invested $5 million in LivingSocial back in 2008 to get it off the ground.
LivingSocial provides a daily free e-mail service that gives a deal on a particular restaurant, hotel, event or retailer, provided a certain number of people participate in the offer. The local company is one of several similar services, such as Groupon, to enter the Washington area market.
The new money will allow the company to expand into Chicago, Denver, San Diego and the Raleigh-Durham area in North Carolina, helping bring LivingSocial’s reach to 13 markets nationwide.