Xconomy San Diego

Local.com Secures $10,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f405b1fc-3b8e-4b06-8ba0-f0004e1d91dd&Preview=1
Date
6/30/2009
Company Name
Local.com
Mailing Address
One Technology Drive, Building G Irvine, CA 92618
Company Description
Local.com (NASDAQ: LOCM) is a leading local search engine and the largest local search network in the United States. The company provides over 19 million consumers each month with the most relevant search results for local businesses, products and services on Local.com and over 700 regional media sites. Businesses can target ready-to-purchase consumers using a variety of advertising products including subscription, pay per click, banner and pay per call ad products. Local.com consistently ranks in the Top 100 in U.S. website traffic according to Internet research firm, comScore.
Website
http://www.local.com/
Transaction Type
Debt
Transaction Amount
$10,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds urposes were not disclosed.
M&A Terms
Venture Investor
Square 1 Bank