Angie’s List, which offers consumer-focused information and reviews of businesses online, this morning announced that it has closed on $2.5 million in additional financing from its most recent round, which came from multiple institutional investors and totaled $22.5 million.
The additional capital infusion comes from San Francisco-based Saints Capital.
The company says it will use the additional investment to expand its Health and Wellness consumer reviews product, as well as its “The Big Deal” local group coupon program. The company expects to offer local group coupons in more than 50 markets by the end of 2010.
Angie’s List has been around since 1995 and says it now serves more then 1 million paid members, primarily via its website, but still offering a call-in service and a monthly magazine.
With the $2.5 million extension of its most recent round, the company has raised $25 million in venture capital this year alone.
Angie’s List, Inc. provides consumer reviews of local services across the U.S. and parts of Canada. Reviews are based on first-hand experiences consumers have with doctors, contractors and other local professionals, covering more than 500 categories of service. Companies are encouraged to respond to reviews. The company also offers group coupons in about 30 U.S. markets, conflict resolution service, a monthly magazine and information via e-newsletters and the company’s Web site. Membership requires a monthly or annual fee, but...
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