Groupon just filed a certificate to authorize an astounding $950 million fundraise at a $6.4 billion valuation, VC Experts reports.
The certificate is a sort of heads up.
VC Experts says "a Form D outlining the exact amount raised should be filed next week."
$950 million is a huge chunk of change, but Groupon could use the money. It already employees 3,000 people.
This round is different than the last big one Groupon did with Russian holding company Digital Sky Technologies in that Groupon's new investor will get voting shares this time around.
Because it's a sales-heavy business, it's going to need many more people to keep growing so fast.
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Groupon Prepares To Raise $950 Million
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