Yodle Completes Financing Round

Reports 135% Year-Over-Year Growth

New York, NY (February 1, 2010) – Yodle, a provider of local online advertising and lead generation services, announced today that it has completed a $10 million Series D funding round. The round, raised from existing investors, was led by JAFCO Ventures and joined by Bessemer Venture Partners, Draper Fisher Jurvetson, and Draper Fisher Jurvetson Growth. The Series D funding round brings Yodle’s total financing to $38 million.

In 2009, Yodle continued triple-digit growth with a 135% year over year revenue increase, making it the fastest growing provider of local online advertising services in the U.S., according to industry analyst Borrell Associates.

Additionally, the company continues to be an industry leader in innovation. In 2009, Yodle significantly expanded its nationwide franchise business (YodleFranchise) by bringing on clients like ServiceMaster and Two Men and a Truck, adding numerous strategic reseller partnerships, and expanding its local advertising network to over 75 hyper-local web publishers.

“We have proven that we have the most cost-effective and efficient marketing platform for small businesses in the market,” said Yodle CEO Court Cunningham. “We plan to continue to lead the market in 2010 with increased investment in innovation and new product launches to be announced in the coming months. All of our innovation is focused on driving the highest possible return on marketing investment for our clients.”

“We are very proud to continue to support Yodle, a fast-growing and clear leader in the local online advertising space,” said Tom Mawhinney, General Partner at JAFCO Ventures. “This round of funding is a testament to the success of Yodle and the value in its offering for local business owners. We expect great things for Yodle this year and in the future.”

Source: Yodle