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Some NYC funding news this Monday evening. Yodle has picked up $12 million and Drop.io picked up $1.2 million.
Yodle has raised a second round of financing to the tune of $12 million led by Draper Fisher Jurvetson, with existing investor Bessemer Venture Partners also participating in the round. Yodle helps small businesses purchase online ads. They will use the funding for a national rollout. Yodle helps connect customers with small businesses by taking out the pain of handling campaigns on their own.
From their release, "Today, 63 percent of consumers primarily search for local businesses online; Yodle is tapping this enormous advertising market to drive customers to businesses in a way that has never been done before. With Draper Fisher Jurvetson’s financing, we will be able to complete our national rollout and offer our services to small businesses across the country,” said Court Cunningham, CEO of Yodle."
Drop.io has raised a Series A round of financing to the tune of $1.25 million led by RRE Ventures. Mashable has the details which include two new board announcements: Managing Partner Stuart Ellman of RRE Ventures and Andrew Weinreich, CEO of MeetMoi.
Check out our launch review of Drop.io from earlier this month.