San Francisco
- Yelp, a social media site where users can post reviews of local bars,
restaurants and other businesses, announced on Wednesday that it has raised a
$15 million fourth round of financing, led by DAG Ventures.
Previous investors
Benchmark Capital and Bessemer Ventures also participated.
San Francisco-based
Yelp counted 7 million visitors to its site in January, according to Google
Analytics, and currently hosts 2.3 million user-generated reviews, CNET
News.com reported.
The company will use the funds to open a New York City office, as well as hire
additional ad sales staff.
Related Links:
http://snipurl.com/20k42
(TechCrunch)
http://www.news.com/8301-13577_3-9880723-36.html
http://www.yelp.com
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