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September 01, 2020 10:18am
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Daily Deal Aggregator Yipit Raises $6 Million Series B

Daily deals are growing like crazy, and it's not just Groupon and LivingSocial. Daily deal aggregator Yipit just raised $6 million in a series B led by Highland Capital Partners. Existing investors RRE, DFJ Gotham and IA Ventures also participated. I caught up with co-founders Vin Vacanti and Jim Moran (pictured) today in New York City. Saved from Wall Street jobs a few years ago, they now work out of General Assembly with 7 people total, but are looking to ramp up to 30 (mostly engineers, Web designers, product managers, and mobile developers). They'll have to move out of General Assembly and are already looking for their own space.
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