Groupon Venture Backers Battery, Andreessen Horowitz Sell Stakes

Groupon Inc. backers Battery Ventures and Andreessen Horowitz have divested their stakes in the daily-deal website, joining a group of early investors who have sold the stock and added pressure to slumping shares.

Battery sold all of its 15.99 million shares earlier this year, according to data compiled by Bloomberg. Andreessen Horowitz sold its 5.1 million shares in June, said a person with knowledge of the matter, who asked not to be named because the sale wasn’t publicly disclosed.