LivingSocial

LivingSocial is an online marketplace founded in 2007 as Hungry Machine by four employees from Revolution Health Group. The company offered daily deals and local experiences — including dining, travel, events, and entertainment — to consumers at discounts of up to 80%. At its peak in 2011, LivingSocial had approximately 70 million members worldwide and 4,500 employees, and was valued at roughly $6 billion. It raised over $930 million in funding, with Amazon as a major backer. After the daily deals market declined, the company shrank significantly and was ultimately acquired by Groupon in 2016.