Redbeacon Obtains $7,400,000 Series A Funding Round

  • Feed Type
  • Date
    8/4/2010
  • Company Name
    Redbeacon
  • Mailing Address
    16 E. 3rd Ave. San Mateo, CA 94401
  • Company Description
    Redbeacon isn’t like typical local search directories that simply return local business listings with ratings and reviews, leaving you to sort through dozens of entries.

    Instead, we notify businesses and professionals in your area that we believe can serve you best, and invite them to submit a price quote for your job.

    Then we show you the price quotes and profiles of people interested in doing your job, and allow you to book an appointment with them, saving you the time and hassle of calling around.

  • Website
    http://www.Redbeacon.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,400,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The investment from Mayfield and Venrock will allow Redbeacon to scale up its engineering and marketing teams as the Company prepares for its geographic expansion beyond the pilot San Francisco Bay Area market. It will also be used to support distribution partnerships in which the Redbeacon service is embedded into the websites of partners wishing to offer local services to their own customers.
  • M&A Terms
  • Venture Investor
    Mayfield Fund
  • Venture Investor
    Venrock

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