Ms Angie’s list of investors keeps on growing: Angie’s List, one of the original online review sites focused on local home-service companies and contractors, has added another $7 million in debt financing, after it announced $18 million in venture debt just last month. The latest money has come from Chicago-based Prism Mezzanine Fund, which invested $6 million in subordinated debt funding, as well as $1 million in equity investment. And this on top of $35 million in funding it announced in April, from Battery Ventures. This means, just this year, the Indianapolis-based company has raised $60 million, for a total of around $73 million since it was founded. The list/service was founded in 1995, and says it has 750,000 subscribers in all major cities in U.S.
The site tries to distinguish itself by marrying local search, user-gen content and subscription-based services, which it makes available only to its members. The site does not allow anonymous postings and service providers cannot add themselves to the list, which is vetted by the site’s editors. More details in release.