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Local User-Generated Content Site Smalltown Raises $3 Million

Authored by Mark Hefflinger on October 10, 2006 - 4:36pm.
San Mateo, Calif. - Smalltown, a new user-generated content site focused on geographic communities, announced on Tuesday that it has launched from stealth operations and raised $3 million in its first round of funding from Formative Ventures. The company's first sites will focus on Burlingame and San Mateo. "There really isn't one generalized platform where people in a local community can find and share information about all things local -- nannies, items for sale or exchange, local events, merchant coupons, weekend activities, you name it," said Hal Rucker, CEO and co-founder of San Mateo-based Smalltown. "Smalltown is building a platform for the Local Web, a network of hundreds of hyper-local sites that have the granularity to address the needs of local economies."
tags: Deals | Internet | VC | Advertising | Online Publishing | News | Online Communities | UGC | Smalltown |