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LivingSocial 8th Most Valuable Startup on BI’s Digital 100 - cbl
Posted September 22, 2011
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Tim O’Shaughnessy
By Brian Wolak
D.C. -- Living Social is the eight most valuable startup in the world, according Business Insider's 2011 Digital 100. With an estimated valuation of $3 billion, the D.C.-based daily deals site jumped up from last year's rank of 26, when its valuation was estimated at $600 million.
Living Social's investors include Steve Case, T. Rowe Price, Amazon.com, Grotech Ventures, Institutional Venture Partners, Revolution LLC, and Lightspeed Venture Partners.
Citybizlist reported yesterday that LivingSocial was reconsidering its IPO, instead potentially pursuing an equity and debt raise of $200 million.
McLean, Va.-based Clearspring, which connects publishers and advertisers, came in at 66 with a $200 million estimated valuation.
D.C.-based sports web site SB Nation rounded out the list at 100, with a $75 million valuation.
Facebook topped Business Insider's Digital 100 with an estimated value of $80 million.
To see Business Insider's complete list, go here: http://tinyurl.com/3cl8ukt
Also at citybizlist, see:
LivingSocial Reconsidering IPO, May Seek $200M in Financing
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