Investors may have poured $950 million into Groupon earlier this year. But that didn’t snag any of the newcomers so much as 5% of the fast-growing discount deal site.
That’s the takeaway from an initial reading of Groupon’s IPO filing. The document lists only two of the company’s venture investors — New Enterprise Associates and Accel Partners -– as principal shareholders. NEA, which backed Groupon’s first venture round in 2008, holds a $14.7% stake in the company. Accel, which invested in Groupon’s second round in 2009, among others, according to Thomson Reuters, owns 5.6 percent.
Among those not listed as principal shareholders are the firms that participated in Groupon’s last financing round of $950 million. The backers for that round, announced in January, included Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick Capital, Silver Lake and Technology Crossover Ventures.
At the time of that announcement, my colleague, Connie