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Zvents Scores $24M Series B

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Sep 30, 2008 

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Kathleen  |

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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.

Tags: at&t, finance, internet-advertising-news, Mobile-Marketing, navteq, nokia-growth-partners, search-engine-advertising, venture-financing and Zvents

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