by San Fernando Valley Business Journal staff
Search engine marketing firm ReachLocal Inc. received $55.2 million funding for the expansion of its digital advertising and marketing operations. ReachLocal has raised a total of $67.9 million in equity financing since 2004.
Rho Ventures led the round of funding for Woodland Hills-based ReachLocal.
The investment group also includes Galleon Crossover Fund and VantagePoint Venture Partners, a previous investor in ReachLocal.