Wednesday, October 13, 2010

DailyD Gets $5.0M

Santa Monica-based DailyD, an online operator of a daily, local deals site, has raised $5.0M in a funding round, according to a regulatory filing by the firm. DailyD is the latest startup of LowerMyBills founder Matt Coffin; the firm also lists Business.com's Jake Winebaum as a board member of the firm. Source of the new funding was not disclosed, however, Jim Simons, a venture capitalist at Split Rock Partners, is listed as a board member of the firm. Split Rock was the venture firm which backed LowerMyBills. No details on the funding have been announced. Coffin's last startup, LowerMyBills, was sold to Experian Interactive in 2005 for $330M plus earnout; he is also an active angel investor in Southern California, with stakes in ThisWeekIn, Ad.ly, Rubicon Project, Docstoc, and other prominent local Internet firms. DailyD is a direct competitor to Groupon and a growing list of other, local daily deal and coupon sites. More information »

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