Local Searcher Zvents Gets $24 Million Second Round; Nokia, AT&T, Navteq Invest


imageA big second round for local search startup Zvents… The San Mateo, CA-based company has raised $24 million from *Nokia* Growth Partners, *AT&T*, and Navteq (in the process of being bought by Nokia), along with past backers Vantage Point Venture Partners and Red Rock Ventures. The company previously raised $7 million in 2006, for a total raise of $31 million. It offers a range of local event listings, both paid and organic, and the new investors all see the service complementing their business in some way. Nokia (NYSE: NOK) sees the potential for local mobile. AT&T (NYSE: T) owns Yellowpages.com, which Zvents already helps power. The connection to Navteq’s local mapping data is also a natural, strategic fit. Other current Zvents partners include MTVu, *McClatchy* and *NYTCo*. Founded in 2005, the company says it will use the funding to build out a local ad network, and improve its search offering. Release.

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