Zvents Scores $24M Series B
ADOTAS – Local search shop Zvents just got a big Series B round of funding. Nokia Growth Partners, AT&T, Navteq and previous backers shelled out $24 million. So far, the company has raised about $31 million.
Zvents will use the proceeds to expand the reach of its local listings advertising network, which enables both local businesses and national chains to promote their locations with search-targeted events such as sales and weekly specials. Zvents will also further invest in expanding the deployment of its successful local search platform, which currently powers a network of more than 250 media partners.
Zvents was founded in 2005. It is a local search engine powering a network of hundreds of Web and mobile partners, featuring event listings to promote local businesses.
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