Web advertising firm Groupon Inc, announced on Monday that it has completed a $950 million round of financing.

The financing consists of several venture capital firms and late-stage investors, including Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Group, Maverick Capital, Silver Lake and Technology Crossover Ventures.

Groupon said in a regulatory filing at the time that the bulk of the funds would be used to buy back shares from investors.

Proceeds from the offering by Chicago-based Groupon will be used for further expansion outside of the United States, along with technology and to provide liquidity for employees and early investors.

Allen & Company LLC acted as financial advisor.

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