ReachLocal Nabs $55 Million

 

Edited by Andrew Ross Sorkin

 

Internet advertising start-up ReachLocal has closed a $55.2 million Series D venture financing to offer small local businesses the same services that aQuantive and ValueClick provide to Fortune 500 companies.


The fourth round was led by Rho Ventures with participation from the Galleon Crossover Fund and an existing investor VantagePoint Venture Partners. The current round gives ReachLocal a total of $67.9 million in equity financing since it was founded in January 2004.

Media Outlet: 
New York Times
Publish Date: 
Wednesday, October 10, 2007

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Media Contact
David Glaubke
Director of Corporate Communications
ReachLocal, Inc.
(818) 936 - 9908
dglaubke@reachlocal.com

Investor Relations
Alex Wellins
The Blueshirt Group
(415) 217 - 5861
alex@blueshirtgroup.com