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Founded Year

2007

Stage

Acquired | Acquired

Total Raised

$919.59M

Valuation

$0000 

Revenue

$0000 

About LivingSocial

LivingSocial is a local marketplace to buy and share things to do in a city. It inspires members to discover everything from weekend excursions to one-of-a-kind events and experiences to exclusive gourmet dinners to family aquarium outings and more. It was founded in 2007 and is based in Chicago, Illinois.

Headquarters Location

600 West Chicago Avenue Suite 200

Chicago, Illinois, 60654,

United States

202-408-1745

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Expert Collections containing LivingSocial

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LivingSocial is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

10,697 items

Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).

LivingSocial Patents

LivingSocial has filed 30 patents.

The 3 most popular patent topics include:

  • social networking services
  • payment systems
  • payment service providers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/26/2021

10/17/2023

Payment service providers, Payment systems, Modern obsolete currencies, Online payments, Merchant services

Grant

Application Date

7/26/2021

Grant Date

10/17/2023

Title

Related Topics

Payment service providers, Payment systems, Modern obsolete currencies, Online payments, Merchant services

Status

Grant

Latest LivingSocial News

Gen AI craze in financial banking; Helix by HL wins $6M new capital

Dec 11, 2023

Would you entrust your diligence work to the machine? The craze for generative AI today is like the hype around daily deal sites. Remember, Groupon, LivingSocial, One Kings Lane (for home accessories) and Gilt Groupe (for fashion). They were selling items at a discount, or offering daily deals. It was the new way to shop and all these companies were at one point worth well over a billion dollars. Then reality set in. Seems to me this same investor herd mentality is happening in the generative AI space. From content creation to advanced analytics, its use cases seem boundless, with all these startups carving out footholds in their little niches. Still at its early stage, there is no lack of reasons for caution, such as bias and inaccuracy of the machine’s output, its time-saving and productivity seem to outweigh many concerns. Here’s a startup applying generative AI to private investing, speaking of things one would be super careful about. Called Helix by HL , it recently scored an additional $6 million in seed capital. The company is building an AI assistant for advisors and investors “to navigate the private markets with more confidence.” Investing with AI Fintech venture capital firm FINTOP Capital in Nashville led the Seed+ round. With the new funding, Helix has reached a valuation of $26 million. Launched just in June 2023, Helix is a joint venture of AI wealth platform TIFIN and Hamilton Lane, a global investment manager for private markets. Basically, Helix is powered by the combination of TIFIN’s AI investment technology and Hamilton Lane's data and industry expertise. It seeks “to simplify alternative investing and empower wealth advisors with the tools and insights needed to navigate this complex asset class.” Helix offers a conversational AI experience with a focus on investment questions and advisors’ communication with clients. Why you would use it: saving time and resources for discovery, benchmarking, and forecasting, while also getting comprehensive diligence in private markets that are otherwise complex and lack standardization. "We believe that data-driven decision-making can help deliver superior investment results for investors around the world,” Hamilton Lane’s Griff Norville said in a statement last week. “Through the creation and application of Helix by HL, we aim to empower the growing set of wealth managers and other private wealth professionals allocating to the private markets." As a child of J.P. Morgan-backed TIFIN, which is building AI-powered platforms for fintech companies, Helix is built to be integrated into wealth platforms and digital marketplaces, rather than offering its own platform for use alongside investment software. The new capital will help Helix expand in the market, as well as boost its product development and platform features, according to the official release. TIFIN’s founder and CEO Vinay Nair said in a statement: “We are thrilled to announce the addition of FINTOP to our capital partners and look forward to their contribution towards our goal of making Helix a must-have for all users of private investments.” Are banks prepared for generative AI? For FINTOP, the investment in Helix is part of its strategy to democratize access to alternative assets for banks. While fintechs have been flexible with AI adoption, banks have been treading slowly, adapting a cautious interest. To name a few standout cases, digital-only bank Ally Financial raced to the forefront of the innovation, employing AI for marketing and customer communications. In latest news, Spanish CaixaBank is developing its own generative AI for internal processes and customer relations. Naturally, there are pros and cons to letting generative AI roam in the financial services space. Against the backdrop of recent OpenAI drama, bankers around the world are assessing the risks and predicting swfit changes in their space. In a late September report, Thomson Reuters highlighted among the risks the appearance of synthetic businesses – nonexistent companies sourced from machine-made documents. However, the same generative AI technology can be used to analyze documentation at scale and pinpoint suspicious activity to detect fraud. There is no putting the genie back in the bottle. Once generative AI was out for public use, it was a matter of time before it was everywhere, both its benefits and risks surfacing here and there at breakneck speed. To turn to Thomson Reuters again, “Financial institutions should approach AI adoption with a comprehensive strategy that includes addressing biases, ensuring data privacy, complying with regulations, and maintaining transparency and accountability.”

LivingSocial Frequently Asked Questions (FAQ)

  • When was LivingSocial founded?

    LivingSocial was founded in 2007.

  • Where is LivingSocial's headquarters?

    LivingSocial's headquarters is located at 600 West Chicago Avenue, Chicago.

  • What is LivingSocial's latest funding round?

    LivingSocial's latest funding round is Acquired.

  • How much did LivingSocial raise?

    LivingSocial raised a total of $919.59M.

  • Who are the investors of LivingSocial?

    Investors of LivingSocial include Groupon, Revolution, Amazon, U.S. Venture Partners, Case Foundation and 11 more.

  • Who are LivingSocial's competitors?

    Competitors of LivingSocial include Zulily, BuyWithMe, Gilt, Choxi.com, ReachLocal and 7 more.

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Compare LivingSocial to Competitors

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BuyWithMe

BuyWithMe operates as a social shopping network. It offers a daily deal from local merchants. It focused on providing marketing solutions using group buying mechanisms and social media. The company was founded in 2009 and is based in New York, New York.

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Rue La La

RueLaLa is an invitation-only destination for private sale Boutiques that open daily and stay open only for a short time. Users can invite friends and discover sought-after brands in fashion, accessories, footwear, home, travel, wine, gourmet food, local services, and more.

I
Ilekun Health

Ilekun Health is a company focused on healthcare comparison shopping in the healthcare industry. The company's main service is providing a marketplace for patients to compare and choose healthcare providers, with a focus on dental services, enabling them to save money and pay upfront. The company primarily serves the healthcare industry. It is based in San Francisco, California.

Veepee Logo
Veepee

Veepee is the original creator of exclusive sales events on the internet with over 20 years of experience specializing in fashion and stylish homeware. These limited-time sales have led to the creation of a new way of shopping. Veepee organizes exclusive designer brand sales in all product categories: fashion, fashion accessories, homeware, sports products, electronics and wine to name just a few.

Gowalla Logo
Gowalla

Gowalla provides location-based social networking services. It offers a mix of a social application and a travel content guide, focused around local experiences. The company was founded in 2007 and is based in Saint Helena, California.

H
HuiMin

HuiMin is a company that focuses on the modern service industry, specifically in the domain of fast-moving consumer goods (FMCG) B2B smart supply chains. The company offers a range of services including supply chain upgrades, product upgrades, service upgrades, financial upgrades, technology upgrades, and brand upgrades, all aimed at improving the efficiency and effectiveness of convenience stores. HuiMin primarily serves the retail industry, with a particular focus on convenience stores. It was founded in 2013 and is based in Beijing, Beijing.

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