Local Online Ads Firm Yodle Adds $3M to Third Round

Authored by Mark Hefflinger on February 13, 2009 - 8:09am.

New York - Yodle, a provider of local online advertising services for small businesses, has added another $3 million to its $10 million third round of venture capital financing, PEHub.com reported, citing a regulatory filing.

JAFCO Ventures led the investment round; previous backers Draper Fisher Jurvetson and Bessemer Venture Partners also participated.

The company said in January, when the round was initially announced, that it will use the funds to double its investment in product development, and expand its national sales efforts.

http://snipurl.com/btwe1 (DMW previous coverage)

http://www.yodle.com