Yodle secures $10 million funding
Yodle, Inc. has completed a $10 million Series C funding led by JAFCO Ventures. They were joined by Draper Fisher Jurvetson Growth and existing investors Draper Fisher Jurvetson and Bessemer Venture Partners. The funds will be used to double investment in product and technology innovation as well as to continue a national sales expansion.
Demand for local online advertising fueled tremendous growth at Yodle in 2008, despite the economic downturn. The New York-based company reported 700% year-over-year revenue growth from 2007 and ending 2008. Yodle now boasts approximately 5,000 customers – up from 125 in 2006.
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