This morning independent local advertising provider Yodle announced a new $10 million round. That brings the total funds raised to date to $38 million. From the release:
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 . . . 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.
From its humble origins as “NatPal,” several years ago, Yodle has emerged as a top-tier firm in the segment.