• January 12, 2009

Yodle will announce today that it has secured $10 million Series C funding led by JAFCO Ventures, and joined by Draper Fisher Jurvetson Growth and existing investors Draper Fisher Jurvetson and Bessemer Venture Partners.

The local online advertising and lead-generation company plans to use the funds to double investments in product and technology development, as well as to build on its sales team.

Demand for local online advertising fueled growth at Yodle in 2008, despite the economic downturn. The New York-based company reported 700% revenue growth, compared with the prior year. Yodle supports approximately 5,000 customers, up from 125 in 2006.--Laurie Sullivan