ReachLocal Raises $55.2M

by socalTECH staff

Woodland Hills-based ReachLocal announced today that it has raised $55.2M in a venture funding round, led by Rho Ventures. The Series D investment also include Galleon Crossover Fund and VantagePoint Venture Partners. ReachLocal is a provider of local search engine marketing services for small businesses. The firm said that it was advised by Savvian Advisors, LLC in the transaction. The firm said it would use the funding to aggressively roll out its products both nationally and internationally. The round brings the company's total raised to $67.9M.