Indianapolis,
Ind. - Angie's List, a site that
offers user-generated ratings and reviews on local service providers, announced
on Thursday that it has received a $35 million equity investment from Battery
Ventures, which will take a minority stake in the company.
Indiana-based
Angie's List currently counts more than 600,000 members in 124 major U.S. cities, who provide ratings and
reviews on service providers in over 330 categories, such as mechanics,
plumbers, handymen and doctors.
The site plans to open service to any
consumer in the country in the second quarter of 2008, and subsequently launch
in Toronto and London.
Angie's List does not allow anonymous postings,
and service providers cannot add themselves to the list.
Revenue is generated
through a combination of subscriptions and advertising.
The company will use
the new funds for continued growth and service expansion.
Related Links:
http://www.angieslist.com
Comments
Really?
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