In the wake of Google’s dalliance with Yelp, another online local advertising company, ReachLocal, filed for an IPO today to raise $100 million. In a guest post yesterday, Paul Kedrosky suggested that startups like Yelp and others may opt to try their luck with IPOs instead of trying to be acquired. It looks like ReachLocal is ready to get the IPO ball rolling again.
ReachLocal provides a… → Read More
Woodland Hills based search marketing firm ReachLocal has taken an additional $55.2 million in funding, brining total funding to $67.9 million on a valuation of $305 million. The round was led by Rho Ventures, with original investors Galleon Crossover Fund VantagePoint Venture Partners also participating. ReachLocal offers a local-focused search marketing product that targets SMBs. ReachLocal… → Read More