Paul O’Brien just dropped a note by telling me about how Zvents, has secured $24 million in funding from Nokia Growth Partners, AT&T and NAVTEQ. That is a ton of cash! From their press release, it says:
“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. “
Paul O’Brien also commented on it on his blog, SEO’Brien.
It has been neat seeing all that Zvents is doing in the local sphere. I assume we will be hearing more in the future.