LivingSocial Is Said to Seek Funding at $2 Billion Valuation

LivingSocial, the second-largest website devoted to daily coupons, is close to raising as much as $400 million in funding that would value the company at more than $2 billion, two people with knowledge of the talks said.

Venture-capital firms and larger institutional investors are expected to participate in the financing, said the people, who asked not to be identified because the discussions haven’t been made public.