Even though they haven’t really found a big audience yet, hyperlocal news sites are becoming a hot commodity. In June, AOL bought Patch for $7 million, and today MSNBC acquired EveryBlock. EveryBlock was previously funded by a grant from the Knight Foundation, which ended in June. The five employees will now work at MSNBC.
The price was not disclosed, but like the Patch acquisition, it is not… → Read More
Local news and blog site Outside.in has raised $3 million in a series A financing. Investors include Union Square Ventures, Milestone Venture Partners, the New York City Investment Fund. That brings the total raised so far to $5.4 million, including two angel rounds. (Marc Andreesen, Esther Dyson, John Seeley Brown, and George Crowley were some of the angel investors). The company also gains a new… → Read More
After developing their product on their own for six months, New York based Outside.in received financing from angels and three venture firms: Union Square Ventures, Milestone Venture Partners, and Village Ventures. Fred Wilson of Union Square Ventures discusses the financing here. Outside.in aims to aggregate posts from local bloggers (placebloggers) into one tagged and searchable directory. → Read More