Tuesday, September 30, 2008

Zvents raises $24M for local & mobile search

It has been pointed out to me that for a blog ostensibly about things other than Zvents, there's been hardly anything but Zvents news here of late.

Separately, it has been pointed out to me that for a life that is ostensibly about other things in addition to Zvents, I've been doing precious little but work of late.

To you my blog readers let me say that this is the last Zvents post for quite a while; and to you my friends and family let me say... hang in there, it can't stay this crazy for ever.

That being said:
Zvents raised $24M in funding from Nokia Growth Partners, AT&T, Navteq, and our existing venture investors Vantage Point and Red Rock. We will use this money to make our local search service for our media network even more awesome; advance our very promising new local ad model; and as a warm, fuzzy security blanket against the slings and arrows of outrageous fortune.

Lots of people are writing about our round, including VentureBeat and Paid Content, as well as local gurus Pete Krasilovsky of Kelsey and Greg Sterling.

AT&T even issued their own press release about their strategic investment in Zvents.

How did we manage to raise all that money in tough times for both VCs and startups? Is there a pony in there somewhere? Forbes lays out a nice explanation.

And now... back to work building the future of local search.

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