Updated: Local Advertising Firm ReachLocal Raises $5 Million

Updated: The funding is old…was closed summer last year. ReachLocal, which helps small businesses advertise online, has raised $5 million from European Founders Fund and return investor VantagePoint Venture Partners, reports PE Hub (subscription req’d). The Woodland Hill, CA-based company’s latest reported financing round came in 2005, when it took in $7.75 million from VantagePoint. ReachLocal’s platform allows small businesses advertise on search engines and online directories, with an eye towards limiting their display to those within a specific region.

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