Chicago-based daily deals provider YouSwoop will be launching in the North Shore as early as Tuesday, marking the company’s first expansion outside of the city. Get the full story »
Inside these posts: Group coupons
A new version of Microsoft Corp.’s Internet Explorer to be released Tuesday will be the first major Web browser to include a do-not-track tool that helps people keep their online habits from being monitored. Get the full story »
Chicago-based daily deal site Groupon said on Thursday Starbucks Corp Chief Executive Howard Schultz has joined its board of directors and that his venture capital firm has taken a stake in the daily deals website.
Schultz’ firm, Maveron, previously invested in retailers such as zulily, which offers daily deals on clothing geared to mothers and their children, and the lucy activewear chain, which was sold to VF Corp in 2007.
Groupon reportedly got a $6 billion takeover bid from Google in November, which it turned down. Two-year-old Groupon recently completed a $950 million round of financing. Get the full story »
A venture-capital investor in Chicago-based Groupon is placing a bet on another local company.
Chicago-based Abe’s Market , an online marketplace for a wide range of natural products, has closed a $3.4 million round of financing led by Accel Partners, which in late 2009 invested in Groupon. Accel, which has more than $6 billion under management, is joined by existing investor Index Ventures as well as other angel investors.
Abe’s Market works with almost 300 vendors and said it has seen its orders grow by 900 percent over the past six months. Get the full story »