Press > ReachLocal Nabs $55 Million

ReachLocal Nabs $55 Million

October 10, 2007 — Internet advertising start-up ReachLocal has closed a $55.2 million Series D venture financing to offer small local businesses the same services that aQuantive and ValueClick provide to Fortune 500 companies.

The fourth round was led by Rho Ventures with participation from the Galleon Crossover Fund and an existing investor VantagePoint Venture Partners. The current round gives ReachLocal a total of $67.9 million in equity financing since it was founded in January 2004.