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User-Generated Local Reviews Site Yelp Raises $10 Million

Authored by Mark Hefflinger on October 5, 2006 - 3:26pm.
San Francisco - Yelp, a site that publishes reviews of local businesses, announced on Thursday that it has raised $10 million in new financing from Benchmark Capital. San Francisco-based Yelp said it receives thousands of new user-generated reviews of restaurants and other local businesses each day, and has large online communities in Boston, Chicago, New York, Los Angeles and Seattle. The site attracted 1.5 million unique visitors in September. The company said it will use the funds to expand its offering in major metropolitan areas across the country.
http://biz.yahoo.com/prnews/061005/sfth019.html?.v=69
http://www.yelp.com

tags: Deals | Internet | VC | Advertising | Online Publishing | Reviews | Benchmark Capital | UGC | Yelp |



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