Angie’s List swells with $7M for consumer reviews
Angie’s List, the site that lets users rate and review local service providers from doctors to dog walkers, just nabbed $6 million in subordinated debt financing and $1 million in equity. The investment comes less than a month after it took $18 million in venture debt, and less than a year since its $35 million round from Battery Ventures in April. The Indianapolis-based company, fairly unique in its ability to combine local search and user-generated… Continue Reading
Angie’s List collects $35M to expand services
1995 might as well be the dawn of civilization in terms of the Internet as we know it today. Yet that is how long Angie’s List, a source for local service ratings, has been around. Today, the company announces a new round of funding to keep its site going strong well into the future.
The $35 million investment comes from Battery Ventures, which will also take a minority stake in the company with the deal.
Angie’s List… Continue Reading
Intel Capital devotes $500M fund to China
Intel Capital, already an active investor overseas, has created a new $500 million fund devoted to Chinese startups, more than doubling the $200 million fund it first set aside for investment in the country three years ago.
Money from the fund has already gone to Holdfast Online Technology and Newauto Video Technology, two startups that handle console game hosting and television equipment sales, respectively. The first fund was doled out to almost 30 companies.
Intel will aim… Continue Reading