By Wailin Wong |
The competition between daily-deal Web sites continues to heat up, as Washington D.C.-based LivingSocial said Thursday it has raised $25 million in funding and launched in Chicago.
The leader in the daily-deal space is Chicago-based Groupon, which secured $30 million in funding in December and is active in nearly 40 cities. A number of competitors have sprung up over recent months. Many of them modeled their deals after Groupon, which requires a minimum amount of people to participate in an offer before it’s activated.
