London – Qype, a service that lets users submit reviews of
local restaurants and other businesses in Europe, has raised $8.9 million in
its second round of venture capital financing, led by Vodafone Ventures.
Previous backers Advent Venture Partners, Partech International and Wellington
Partners also participated in the investment round, which the company will use
to develop its mobile business.
Launched in 2006, Qype counts 17 million unique
monthly visitors to its site, which covers more than 150,000 European towns and
The company said nearly one million users have downloaded its mobile
application to date.