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"ReachLocal, a company that provides online advertising services for small businesses, has just gotten a massive $55.2 million in a round of funding.  The round was led by Rho Ventures, with Galleon Crossover Fund also participating, and VantagePoint Venture Partners as return investors.  This recent round of funding comes after the $12.7 million the local ad company has raised since its inception in 2004.  This gives ReachLocal an estimated valuation at $305 million, which is $55 million more than its previous valuation. \nThere's a small cropping of companies that are out to help small businesses with their online reach by providing \"business networks\" that tap into online advertising and other traffic-increasing methods that enable these small businesses and individuals to establish themselves as authorities and extend their online reach in an organic manner.  Two such companies include SquidBids and upspring.\n[via  paidcontent]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2007/10/08/reachlocal-funded/>