New York
– Yodle, a provider of local online advertising and lead generation services,
announced on Monday that it has closed a $10 million, fourth round of
financing, led by JAFCO Ventures.
Bessemer Venture Partners, Draper Fisher
Jurvetson, and Draper Fisher Jurvetson Growth also participated.
New York-based
Yodle said it saw a 135% increase in revenue in 2009, for its local ad network
of over 75 hyperlocal Web publishers with a presence in 25 major U.S. cities.
The
company will use the new funds to invest in innovation and to support new
product launches in coming months.
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