In the waning hours of 2010 we reported that Groupon was out to raise $950 million in funding after their recent rejection of Google billions. A short time later we learned that the Chicago based coupon king had already raised about a half billion of that from previous investor Digital Sky Technologies along with Fidelity and Morgan Stanley.

      Now a number of sources are reporting that Silicon Valley’s Kleiner Perkins Caufield & Byers (KPCB) is also planning on participating in this latest round. There’s no word yet as to when the remainder of the round will close nor have any other participants other than Kliener Perkins been named.

      Kleiner Perkins led last month’s $200 million round of funding for Twitter, bringing the micro-blogging service’s valuation to $3.7 billion.

Source from Daily Deal Media