A lot of venture money is chasing social commerce startups right now because group buying sites are chasing a lot of money (in the form of consumer spending). Groupon kicked things off with its $135 million mega-round last April. LivingSocial has raised $49 million so far. And now BuyWithMe just closed a $16 million B round led by Bain Capital Ventures, bringing its total raised to $21.5 million …

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With A Fresh $16 Million Round, BuyWithMe Plans To Expand To 20 Cities

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